Weibo started out copying Twitter entirely, but over the years, it has managed to differentiate itself in the Chinese market and have become one of the biggest social media sites in China. What's more impressive is that after only five years of monetization, it is already profitable whereas its American counterpart is still struggling to break even. So, what is going on? Here is my attempt to answer that question.
References
Annual Financial Report of Twitter
Annual Financial Report of Weibo
Wikipedia:
https://en.wikipedia.org/wiki/Sina_Corp
https://en.wikipedia.org/wiki/Sina_Weibo
https://en.wikipedia.org/wiki/Twitter
Interesting shit
Cayman Island leads me to understand that Variable Interest EntityStructure in China
https://goo.gl/kbZFWW
https://goo.gl/KXnqUY
Twitter usage by country
https://goo.gl/jB3yTv
MusicCredit to
IronBacon by Kevin Macleod
Lift off by Jahzzar

published:23 Jun 2017

views:2725

http://www.learnaccountingfast.com Being able to read and interpret financial reports is the key to running a successful business. If you cant read the score card then you don't know if you are winning or losing.The Financial reports are just keeping the score so you are able to see what is required to ensure you are making money. The aim of all business is to make money. Financial reports can show you where you are going. Financial literacy begins with reading the financial reports not only in business but also your personal life.This video will show you the relationship between the 3 reports.You can learn more simple business and accounting skills at http://www.learnaccountingfast.com

published:03 Feb 2014

views:21400

Visit our website: https://altcoinbuzz.io
In this video, we talk about what's happening in the world of crypto and blockchain technology.
-------------------------------------------------------------------------------
Connect with us on Social Media:
Twitter: https://bit.ly/2GDAoCp
Facebook: https://bit.ly/2wYksLB
Telegram: https://bit.ly/2IAqDuI
-------------------------------------------------------------------------------
Looking for the best cryptocurrency wallets? Check these out:
Cold StorageCoins: https://bit.ly/2ISGynt
BitLox: https://bit.ly/2rWQnHa
CoolWallet S: https://bit.ly/2Liy5bv
Trezor: https://bit.ly/2IXrZic
Ledger Nano S: https://bit.ly/2IyE3al
KeepKey: https://bit.ly/2x5TlhM
Read about them here: https://bit.ly/2rTdthZ
-----------------------------------------------------------------------------------
Articles mentioned in the video:
ChineseMinistry Releases Ratings Of Cryptocurrencies
https://altcoinbuzz.io/chinese-ministry-releases-ratings-of-cryptocurrencies/
工信部赛迪研究院发布全球公有链技术评估指数
http://cyyw.cena.com.cn/2018-05/17/content_386493.htmJeff's Live stream and discussion of Chinese Ratings
https://www.youtube.com/watch?v=S83MmCZ20_U
Norway is Considering an OfficialDigital Currency
https://altcoinbuzz.io/norway-is-considering-an-official-digital-currency/
CENTRAL BANKDIGITAL CURRENCIES
https://www.norges-bank.no/en/Published/Publications/Norges-Bank-Papers/2018/norges-bank-papers-12018/
The E-krona Project’s first interim report
https://www.riksbank.se/en-gb/financial-stability/the-financial-system/payments/does-sweden-need-an-e-krona/the-e-krona-projects-first-interim-report/
Which Blockchain-Based Social Media PlatformWorksFor You?
https://altcoinbuzz.io/which-blockchain-based-social-media-works-for-you/
Adam's Mithril video: What if Instagram and Steem had a CryptoBaby?
https://www.youtube.com/watch?v=4GHAeu-QYYc
The Best Cryptocurrency Wallets to Safely Store your Funds
https://altcoinbuzz.io/the-best-cryptocurrency-wallets-to-safely-store-your-funds/
Ledger Tweet
https://twitter.com/LedgerHQ/status/998835927173746688?s=09
Maybe You’re Wrong about Bitcoin, Warren?
https://altcoinbuzz.io/so-are-you-wrong-about-bitcoin-too-warren/
------------------------------------------------------------------
DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd.All rights reserved.

published:22 May 2018

views:45

In China, a sheltered internet has given rise to a new breed of app, and American companies are taking notice. What was once known as the land of cheap rip-offs may now offer a glimpse at the future.
Subscribe on YouTube: http://bit.ly/U8Ys7n
With companies like Alibaba, WeChat, and Tencent US companies have taken notice to a new generation of Chinese technology companies.
Read the story here: http://nyti.ms/2aK60IE
---------------------------------------------------------------
Want more from The New York Times?
Watch more videos at: http://nytimes.com/video
Facebook: https://www.facebook.com/nytvideo
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Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch. On YouTube.
How China Is Changing Your Internet | The New York Times
http://www.youtube.com/user/TheNewYorkTimes

0:07 China’s accounting requirements
4:17 Primary taxes in China
9:45 Foreign exchange rules in China
12:30 Annual compliance requirements in China.
If you're a CanadianSME and have questions about doing business in China, please send us your questions by email at SMEGateway@international.gc.ca.
All services of the Trade Commissioner Service are FREE of charge to qualified Canadian clients.
China’s accounting requirements
For foreign companies doing business in China, where its local presence such as a representative office, we normally call it RO, or a wholly foreign owned enterprise, we normally call it WFOE, they need to be aware of the China local compliance requirements, because those companies are set up over here, they need to follow the local legislations, so it’s not so easy to copy what they’ve done in their home country. So as a business consultant, we normally tell our clients that there are three major differences you need to be aware of. First of all, it’s on the accounting side; second is on the tax side; and also the foreign exchange side. I can illustrate more in detail.
For the accounting side, at the general accounting principle level, China’s accounting gap is pretty close to the international financial reporting standard, so for that part, the companies don’t need to worry too much, but on the everyday accounting occurrence, the practice, there are some differences. For example, a fiscal year for the company, it has to follow the same calendar year from 1st of January to December 31st, whereas at the foreign companies you have more flexibility to choose your own different year end. And also for example the chattered accounts, in China, all companies have to follow the same set up of the chattered accounts, but they have the freedom to set up the sub accounts according to their specific business needs, but normally foreign companies don’t have this limitation, they can really decide their own chattered accounts. That’s why often we see the subsidiary cannot really follow their headquarter’s chattered accounts and they have to go through a mapping process to get their account consolidated.
As a China company, they need to arrange their accounting in the reporting language in Chinese, which means they have to prepare the vouchers, ledgers and financial reporting in Chinese for all the local statutory filing. Also the bookkeeping currency should be in RMB rather than in a foreign currency. However, the company can do the conversion at the financial report level and choosing a conversion rate.
Other differences could be accounting software. We are asked very often by our clients, can they use their headquarter’s accounting software, or ERP to process that? The answer is normally not so easy, unless you do a very serious localization, because we will see the common barrier will be, for example, is it allowing the Chinese entry into the system? Or in China we have some specific accounting features, tax features like VAT, which the western accounting software normally can’t facilitate. Also in China, the monthly closing has to be done before you generate the financial reports, and afterwards there’s no further adjustments can be made to the previous month, however, the western accounting practice normally do allow within the fiscal year changes even to the previous months. That’s why it’s normally more cost effective if they choose local accounting software to maintain their China books.
Another important difference is in the accounting documents maintenance. In China, the accounting vouchers have to be filed together with the supporting documents, which means if you have one specific transaction, the associated invoice and the bank slips have to be stuck to the set of accounting vouchers, and those vouchers at the monthly end have to be stuck together according to the voucher serial number in a time sequence, and afterwards this sequence cannot be changed. Whereas in western countries, normally the accounting supporting documents can be filed separately from the accounting vouchers, and those supporting invoices in the AP and AR are normally filed in the alphabetic order. The accounting vouchers normally are kept in your China office because you have to deal with the annual audit and other random government inspections.
So due to these reasons it’s not so easy for the headquarters or accountant overseas to manage this function for your China subsidiary. ...

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/bloombergbusiness/

published:31 Aug 2016

views:17533933

According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half."

Financial statement

A financial statement (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.

Relevant financial information is presented in a structured manner and in a form easy to understand. They typically include basic financial statements, accompanied by a management discussion and analysis:

An income statement, also known as a statement of comprehensive income, statement of revenue & expense, P&L or profit and loss report, reports on a company's income, expenses, and profits over a period of time. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period.

China is a global hub for manufacturing, and is the largest manufacturing economy in the world as well as the largest exporter of goods in the world. China is also the world's fastest growing consumer market and second largest importer of goods in the world. China is a net importer of services products.

Weibo Vs. Twitter, Ep 2 of China Vs. the world

Weibo started out copying Twitter entirely, but over the years, it has managed to differentiate itself in the Chinese market and have become one of the biggest social media sites in China. What's more impressive is that after only five years of monetization, it is already profitable whereas its American counterpart is still struggling to break even. So, what is going on? Here is my attempt to answer that question.
References
Annual Financial Report of Twitter
Annual Financial Report of Weibo
Wikipedia:
https://en.wikipedia.org/wiki/Sina_Corp
https://en.wikipedia.org/wiki/Sina_Weibo
https://en.wikipedia.org/wiki/Twitter
Interesting shit
Cayman Island leads me to understand that Variable Interest EntityStructure in China
https://goo.gl/kbZFWW
https://goo.gl/KXnqUY
Twitter usage by country
https://goo.gl/jB3yTv
MusicCredit to
IronBacon by Kevin Macleod
Lift off by Jahzzar

7:19

How to read Financial Reports

How to read Financial Reports

How to read Financial Reports

http://www.learnaccountingfast.com Being able to read and interpret financial reports is the key to running a successful business. If you cant read the score card then you don't know if you are winning or losing.The Financial reports are just keeping the score so you are able to see what is required to ensure you are making money. The aim of all business is to make money. Financial reports can show you where you are going. Financial literacy begins with reading the financial reports not only in business but also your personal life.This video will show you the relationship between the 3 reports.You can learn more simple business and accounting skills at http://www.learnaccountingfast.com

Visit our website: https://altcoinbuzz.io
In this video, we talk about what's happening in the world of crypto and blockchain technology.
-------------------------------------------------------------------------------
Connect with us on Social Media:
Twitter: https://bit.ly/2GDAoCp
Facebook: https://bit.ly/2wYksLB
Telegram: https://bit.ly/2IAqDuI
-------------------------------------------------------------------------------
Looking for the best cryptocurrency wallets? Check these out:
Cold StorageCoins: https://bit.ly/2ISGynt
BitLox: https://bit.ly/2rWQnHa
CoolWallet S: https://bit.ly/2Liy5bv
Trezor: https://bit.ly/2IXrZic
Ledger Nano S: https://bit.ly/2IyE3al
KeepKey: https://bit.ly/2x5TlhM
Read about them here: https://bit.ly/2rTdthZ
-----------------------------------------------------------------------------------
Articles mentioned in the video:
ChineseMinistry Releases Ratings Of Cryptocurrencies
https://altcoinbuzz.io/chinese-ministry-releases-ratings-of-cryptocurrencies/
工信部赛迪研究院发布全球公有链技术评估指数
http://cyyw.cena.com.cn/2018-05/17/content_386493.htmJeff's Live stream and discussion of Chinese Ratings
https://www.youtube.com/watch?v=S83MmCZ20_U
Norway is Considering an OfficialDigital Currency
https://altcoinbuzz.io/norway-is-considering-an-official-digital-currency/
CENTRAL BANKDIGITAL CURRENCIES
https://www.norges-bank.no/en/Published/Publications/Norges-Bank-Papers/2018/norges-bank-papers-12018/
The E-krona Project’s first interim report
https://www.riksbank.se/en-gb/financial-stability/the-financial-system/payments/does-sweden-need-an-e-krona/the-e-krona-projects-first-interim-report/
Which Blockchain-Based Social Media PlatformWorksFor You?
https://altcoinbuzz.io/which-blockchain-based-social-media-works-for-you/
Adam's Mithril video: What if Instagram and Steem had a CryptoBaby?
https://www.youtube.com/watch?v=4GHAeu-QYYc
The Best Cryptocurrency Wallets to Safely Store your Funds
https://altcoinbuzz.io/the-best-cryptocurrency-wallets-to-safely-store-your-funds/
Ledger Tweet
https://twitter.com/LedgerHQ/status/998835927173746688?s=09
Maybe You’re Wrong about Bitcoin, Warren?
https://altcoinbuzz.io/so-are-you-wrong-about-bitcoin-too-warren/
------------------------------------------------------------------
DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd.All rights reserved.

5:58

How China Is Changing Your Internet | The New York Times

How China Is Changing Your Internet | The New York Times

How China Is Changing Your Internet | The New York Times

In China, a sheltered internet has given rise to a new breed of app, and American companies are taking notice. What was once known as the land of cheap rip-offs may now offer a glimpse at the future.
Subscribe on YouTube: http://bit.ly/U8Ys7n
With companies like Alibaba, WeChat, and Tencent US companies have taken notice to a new generation of Chinese technology companies.
Read the story here: http://nyti.ms/2aK60IE
---------------------------------------------------------------
Want more from The New York Times?
Watch more videos at: http://nytimes.com/video
Facebook: https://www.facebook.com/nytvideo
Twitter: https://twitter.com/nytvideo
Instagram: http://instagram.com/nytvideo
Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch. On YouTube.
How China Is Changing Your Internet | The New York Times
http://www.youtube.com/user/TheNewYorkTimes

2:54:33

New Era of Chinese Economy and China’s Financial Opening-up: Panels 3 and 4

New Era of Chinese Economy and China’s Financial Opening-up: Panels 3 and 4

New Era of Chinese Economy and China’s Financial Opening-up: Panels 3 and 4

Accounting and Annual Compliance in China

0:07 China’s accounting requirements
4:17 Primary taxes in China
9:45 Foreign exchange rules in China
12:30 Annual compliance requirements in China.
If you're a CanadianSME and have questions about doing business in China, please send us your questions by email at SMEGateway@international.gc.ca.
All services of the Trade Commissioner Service are FREE of charge to qualified Canadian clients.
China’s accounting requirements
For foreign companies doing business in China, where its local presence such as a representative office, we normally call it RO, or a wholly foreign owned enterprise, we normally call it WFOE, they need to be aware of the China local compliance requirements, because those companies are set up over here, they need to follow the local legislations, so it’s not so easy to copy what they’ve done in their home country. So as a business consultant, we normally tell our clients that there are three major differences you need to be aware of. First of all, it’s on the accounting side; second is on the tax side; and also the foreign exchange side. I can illustrate more in detail.
For the accounting side, at the general accounting principle level, China’s accounting gap is pretty close to the international financial reporting standard, so for that part, the companies don’t need to worry too much, but on the everyday accounting occurrence, the practice, there are some differences. For example, a fiscal year for the company, it has to follow the same calendar year from 1st of January to December 31st, whereas at the foreign companies you have more flexibility to choose your own different year end. And also for example the chattered accounts, in China, all companies have to follow the same set up of the chattered accounts, but they have the freedom to set up the sub accounts according to their specific business needs, but normally foreign companies don’t have this limitation, they can really decide their own chattered accounts. That’s why often we see the subsidiary cannot really follow their headquarter’s chattered accounts and they have to go through a mapping process to get their account consolidated.
As a China company, they need to arrange their accounting in the reporting language in Chinese, which means they have to prepare the vouchers, ledgers and financial reporting in Chinese for all the local statutory filing. Also the bookkeeping currency should be in RMB rather than in a foreign currency. However, the company can do the conversion at the financial report level and choosing a conversion rate.
Other differences could be accounting software. We are asked very often by our clients, can they use their headquarter’s accounting software, or ERP to process that? The answer is normally not so easy, unless you do a very serious localization, because we will see the common barrier will be, for example, is it allowing the Chinese entry into the system? Or in China we have some specific accounting features, tax features like VAT, which the western accounting software normally can’t facilitate. Also in China, the monthly closing has to be done before you generate the financial reports, and afterwards there’s no further adjustments can be made to the previous month, however, the western accounting practice normally do allow within the fiscal year changes even to the previous months. That’s why it’s normally more cost effective if they choose local accounting software to maintain their China books.
Another important difference is in the accounting documents maintenance. In China, the accounting vouchers have to be filed together with the supporting documents, which means if you have one specific transaction, the associated invoice and the bank slips have to be stuck to the set of accounting vouchers, and those vouchers at the monthly end have to be stuck together according to the voucher serial number in a time sequence, and afterwards this sequence cannot be changed. Whereas in western countries, normally the accounting supporting documents can be filed separately from the accounting vouchers, and those supporting invoices in the AP and AR are normally filed in the alphabetic order. The accounting vouchers normally are kept in your China office because you have to deal with the annual audit and other random government inspections.
So due to these reasons it’s not so easy for the headquarters or accountant overseas to manage this function for your China subsidiary. ...

0:37

New Chinese Accounting Standards and International Financial Reporting Standards Comparison

New Chinese Accounting Standards and International Financial Reporting Standards Comparison

New Chinese Accounting Standards and International Financial Reporting Standards Comparison

0:51

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

Bloomberg Global News

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/bloombergbusiness/

1:49

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half."

3:18:35

New Era of Chinese Economy and China’s Financial Opening-up: Panels 1 and 2

New Era of Chinese Economy and China’s Financial Opening-up: Panels 1 and 2

New Era of Chinese Economy and China’s Financial Opening-up: Panels 1 and 2

China's New "Silk Road": Future MEGAPROJECTS

China's $1 trillion One Belt One Road (New Silk Road) initiative is unprecedented in size and scope. President Xi Jinping has sealed megaproject deals with 65 countries to construct ports, power stations, rail lines, roads, and all the tunnels and bridges needed to connect them back to mainland China.
Get your free audiobook: http://www.audibletrial.com/TheDailyConversation
Subscribe to TDC: https://www.youtube.com/TheDailyConversation/
Video by Bryce Plank and Robin WestMusic:
"ElectroSketch" by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/?keywords=electro+sketch&Search=Search
"AbstractElectronic" & "DarkNoirVHSScore" by MotionArray.com
"City of Industry" & "Dark Night" by Matt Stewart-Evans:
https://soundcloud.com/mattstewartevans
https://www.facebook.com/Matthew.Stewart.EvansInformation sources:
https://www.forbes.com/sites/wadeshepard/2017/05/13/i-spent-two-years-on-chinas-belt-and-road-and-this-is-what-i-found-part-1/#7d48bf724b68
https://en.wikipedia.org/wiki/Belt_and_Road_Initiative
https://www.nytimes.com/2017/05/13/business/china-railway-one-belt-one-road-1-trillion-plan.html?_r=2
https://qz.com/983581/chinas-new-silk-road-one-belt-one-road-project-has-one-major-pitfall-for-african-countries/
https://www.nytimes.com/2017/05/24/business/china-downgrade-explained.html
https://www.youtube.com/watch?v=23Me5E0eUTM
https://www.brookings.edu/blog/order-from-chaos/2017/05/17/whats-driving-chinas-new-silk-road-and-how-should-the-west-respond/
...and the Internet.
Script:
Having recently completed both the world’s most extensive system of expressways and the planet’s longest high speed rail network, China is now looking beyond its borders for opportunities to keep building. President Xi Jinping announced at a recent summit that Beijing has sealed megaproject deals with 65 countries throughout Eurasia and Africa to construct ports, power stations, rail lines, roads, and all the tunnels and bridges needed to connect them back to mainland China.
At a total cost of over $1 trillion, the One Belt, One Road initiative is unprecedented in size and scope. So is the bold funding mechanism: China will use its large, state-run banks to provide most of the financing, a risky move, when you consider how few of the nations in the O.B.O.R. could afford something like this on their own. “Oh,” say the leaders of economically-challenged, underdeveloped Laos, Yemen, or Ethiopia — or the blood-soaked regime of Bashar al-Assad in war-ravaged Syria — “you want to loan us billions of dollars to build some cool stuff in our countries? Of course, why not!?”
China is hard-selling the project as a way to boost its westward connections, an update of the silk road trade route that played a significant role in developing China and the rest of the region 1,000 years ago. But many analysts see this comparison as little more than a marketing pitch.
Al Jazeera clip: “Is the real point of this, East-West service then simply to boost China’s westward connections?
[PaulineLoong] “Well I wouldn’t say simply to boost China’s westward connections, but I totally agree with Charles that it’s more a PR stunt. To call it the “Silk Road,” that’s really brilliant—evocative of romantic camel travels in the past. When, you know, you have these lovely silks and trade and so forth. And it’s good, because look at all the headlines it has been getting, but in practical terms, it’s early days yet.”
[Bryce] Aside from the lessons China learned from its own recent infrastructure boom, Beijing is also drawing inspiration from the AmericanMarshall Plan which financed the rebuilding of Western Europe after it was decimated during the second world war. That program was worth the equivalent of $130 billion in today’s dollars and ensured the US had reliable export markets for the manufactured goods and machinery its growing economy had become dependent on producing.
China’s modern version — first announced in 2013 — is the signature initiative of President Xi Jinping. Several projects have already been completed. Earlier this year London became the 15th European city connected directly to China through an ever-expanding global rail system, meaning freight trains loaded with goods can now arrive after a 12,000km journey all the way from the east coast of the landmass.
And, at a cost of $4 billion, China also just completed Africa’s first transnational electric railway, which runs 466 miles from Djibouti to Addis Ababa, the capital of Ethiopia. Chinese companies designed the system, built the line, and supplied the train cars...

2:05

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

On May 18, asset management company Hanwha Investment & Securities Co. revealed its outlooks on SM Entertainment's financial growth for 2018. SEE ALSO: NCT reveal their official light stick!According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half." NCT

1:57

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018:
https://www.allkpop.com/article/2018/05/financial-report-says-ncts-china-unit-is-set-to-debut-in-the-latter-half-of-2018.
Thanks for watching, subscribe for more videos:
https://www.youtube.com/channel/UC9yTKPOcx9iAkhKKw77ZP-w?sub_confirmation=1
On May 18, asset management company Hanwha Investment & Securities Co. revealed its outlooks on SM Entertainment's financial growth for 2018. SEE ALSO: NCT reveal their official light stick!According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half." NCT,
#Financial, #report, #says, #China, #unit, #debut, #latter, #half, #2018

1:22

Chinese aircraft carrier Liaoning calls out for China’s first homemade aircraft carrier to join it

Chinese aircraft carrier Liaoning calls out for China’s first homemade aircraft carrier to join it

Chinese aircraft carrier Liaoning calls out for China’s first homemade aircraft carrier to join it

The Chinese aircraft carrier Liaoning has published a new heart-warming video that shows the Chinese navy’s sailors, carrier-based aircraft and the aircraft carrier battle group. At the end of the video they call out to China's first domestically built aircraft carrier and say “Join Us and FightSide by Side.”
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Chinese e-commerce giant Alibaba released its first quarterly financial results on Tuesday since successfully completing the world's biggest initial public offering in September.
The company's revenue increased by 53.7 percent to 16.829 billion yuan (about 2.742 billion US dollars) in the quarter ending September 30, compared to 10.95 billion yuan in the same quarter of 2013.
Its net profits increased by 15.5 percent to 6.808 billion yuan, compared to 5.893 billion yuan in the same period of last year, the report said.
But using compatible GAAP accounting measures, its net profits slid 38.6 percent. The company said in the report that "the decrease was primarily due to the share-based compensation charges and increased amortization expenses, and an increase in effective tax rate."
"We delivered a strong quarter with significant growth across our key operating metrics," said Jonathan Lu, chief executive officer of Alibaba Group, in the report.
"Our business continues to perform well, and our results reflect both the strength of our ecosystem and the strong foundation we have for sustainable growth," Lu said.
Alibaba's China retail marketplaces had 307 million annual active buyers in the twelve months ending September 30, 2014, representing an increase of 52 percent compared to the same period last year.
Based in the eastern city of Hangzhou, Alibaba has seen booming mobile business. Its mobile revenue in the quarter witnessed a 1,000-percent rise to 3.719 billion yuan.
"We extended our unrivaled leadership in mobile with 217 million monthly active users on our mobile commerce apps in September and 95 billion US dollars in mobile GMV for the twelve months ending in September 2014," said Lu.
The company's share price rose to 101.8 US dollars on Monday, putting its market value at 250.9 billion US dollars, greater than that of Walmart.
"We continue to execute our focused growth strategy, and the fundamental strength of our business gives us the confidence to invest in new initiatives to add new users, improving engagement and customer experience, expand our products and services and drive long-term shareholder value," Maggie Wei Wu, the group's chief financial officer said in the report.
Chinese e commerce giant Alibaba publishes first financial report after IPO with Revenue 16 8 Billio,FOR more information about china world news visit site at http://youtube.com/user/cosmeticmachines as well as business website at http://penglaichina.com

Sub for more: http://nnn.is/the_new_media | Sputnik reports, A new financial report states that major US defense corporations are anticipating a flood of high-end weapons systems sales to Japan, Philippines, South Korea and Vietnam over alleged China threats in the South China Sea, according to US media reports.
See the report here:
https://youtu.be/s-_dKdFMWLo
Read more:
http://sputniknews.com/military/20160507/1039221102/usa-firms-use-china-fear-boost-sales.html
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Weibo Vs. Twitter, Ep 2 of China Vs. the world

Weibo started out copying Twitter entirely, but over the years, it has managed to differentiate itself in the Chinese market and have become one of the biggest social media sites in China. What's more impressive is that after only five years of monetization, it is already profitable whereas its American counterpart is still struggling to break even. So, what is going on? Here is my attempt to answer that question.
References
Annual Financial Report of Twitter
Annual Financial Report of Weibo
Wikipedia:
https://en.wikipedia.org/wiki/Sina_Corp
https://en.wikipedia.org/wiki/Sina_Weibo
https://en.wikipedia.org/wiki/Twitter
Interesting shit
Cayman Island leads me to understand that Variable Interest EntityStructure in China
https://goo.gl/kbZFWW
https://goo.gl/KXnqUY
Twitter usag...

published: 23 Jun 2017

How to read Financial Reports

http://www.learnaccountingfast.com Being able to read and interpret financial reports is the key to running a successful business. If you cant read the score card then you don't know if you are winning or losing.The Financial reports are just keeping the score so you are able to see what is required to ensure you are making money. The aim of all business is to make money. Financial reports can show you where you are going. Financial literacy begins with reading the financial reports not only in business but also your personal life.This video will show you the relationship between the 3 reports.You can learn more simple business and accounting skills at http://www.learnaccountingfast.com

How China Is Changing Your Internet | The New York Times

In China, a sheltered internet has given rise to a new breed of app, and American companies are taking notice. What was once known as the land of cheap rip-offs may now offer a glimpse at the future.
Subscribe on YouTube: http://bit.ly/U8Ys7n
With companies like Alibaba, WeChat, and Tencent US companies have taken notice to a new generation of Chinese technology companies.
Read the story here: http://nyti.ms/2aK60IE
---------------------------------------------------------------
Want more from The New York Times?
Watch more videos at: http://nytimes.com/video
Facebook: https://www.facebook.com/nytvideo
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Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest st...

published: 09 Aug 2016

New Era of Chinese Economy and China’s Financial Opening-up: Panels 3 and 4

Accounting and Annual Compliance in China

0:07 China’s accounting requirements
4:17 Primary taxes in China
9:45 Foreign exchange rules in China
12:30 Annual compliance requirements in China.
If you're a CanadianSME and have questions about doing business in China, please send us your questions by email at SMEGateway@international.gc.ca.
All services of the Trade Commissioner Service are FREE of charge to qualified Canadian clients.
China’s accounting requirements
For foreign companies doing business in China, where its local presence such as a representative office, we normally call it RO, or a wholly foreign owned enterprise, we normally call it WFOE, they need to be aware of the China local compliance requirements, because those companies are set up over here, they need to follow the local legislations, so it’s not so easy t...

published: 08 Nov 2016

New Chinese Accounting Standards and International Financial Reporting Standards Comparison

published: 22 Mar 2017

Financial report says NCT's China unit is set to debut in the latter half of 2018

Bloomberg Global News

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/bloombergbusiness/

published: 31 Aug 2016

Financial report says NCT's China unit is set to debut in the latter half of 2018

According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have d...

published: 18 May 2018

New Era of Chinese Economy and China’s Financial Opening-up: Panels 1 and 2

Financial report says NCT's China unit is set to debut in the latter half of 2018

On May 18, asset management company Hanwha Investment & Securities Co. revealed its outlooks on SM Entertainment's financial growth for 2018. SEE ALSO: NCT reveal their official light stick!According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length...

published: 18 May 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018:
https://www.allkpop.com/article/2018/05/financial-report-says-ncts-china-unit-is-set-to-debut-in-the-latter-half-of-2018.
Thanks for watching, subscribe for more videos:
https://www.youtube.com/channel/UC9yTKPOcx9iAkhKKw77ZP-w?sub_confirmation=1
On May 18, asset management company Hanwha Investment & Securities Co. revealed its outlooks on SM Entertainment's financial growth for 2018. SEE ALSO: NCT reveal their official light stick!According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge...

published: 18 May 2018

Chinese aircraft carrier Liaoning calls out for China’s first homemade aircraft carrier to join it

The Chinese aircraft carrier Liaoning has published a new heart-warming video that shows the Chinese navy’s sailors, carrier-based aircraft and the aircraft carrier battle group. At the end of the video they call out to China's first domestically built aircraft carrier and say “Join Us and FightSide by Side.”
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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Follow us on:
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Tu...

Chinese e-commerce giant Alibaba released its first quarterly financial results on Tuesday since successfully completing the world's biggest initial public offering in September.
The company's revenue increased by 53.7 percent to 16.829 billion yuan (about 2.742 billion US dollars) in the quarter ending September 30, compared to 10.95 billion yuan in the same quarter of 2013.
Its net profits increased by 15.5 percent to 6.808 billion yuan, compared to 5.893 billion yuan in the same period of last year, the report said.
But using compatible GAAP accounting measures, its net profits slid 38.6 percent. The company said in the report that "the decrease was primarily due to the share-based compensation charges and increased amortization expenses, and an increase in effective tax rate."
"We ...

Sub for more: http://nnn.is/the_new_media | Sputnik reports, A new financial report states that major US defense corporations are anticipating a flood of high-end weapons systems sales to Japan, Philippines, South Korea and Vietnam over alleged China threats in the South China Sea, according to US media reports.
See the report here:
https://youtu.be/s-_dKdFMWLo
Read more:
http://sputniknews.com/military/20160507/1039221102/usa-firms-use-china-fear-boost-sales.html
------------------------------------------------------------------------------------
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Patreon $5/mo: http://nnn.is/monthly-gift-5
Give once: http://nnn.is/one-time-gift
Give BTC: 1FavdYfkWAJyvG3NQYincev...

Weibo Vs. Twitter, Ep 2 of China Vs. the world

Weibo started out copying Twitter entirely, but over the years, it has managed to differentiate itself in the Chinese market and have become one of the biggest ...

Weibo started out copying Twitter entirely, but over the years, it has managed to differentiate itself in the Chinese market and have become one of the biggest social media sites in China. What's more impressive is that after only five years of monetization, it is already profitable whereas its American counterpart is still struggling to break even. So, what is going on? Here is my attempt to answer that question.
References
Annual Financial Report of Twitter
Annual Financial Report of Weibo
Wikipedia:
https://en.wikipedia.org/wiki/Sina_Corp
https://en.wikipedia.org/wiki/Sina_Weibo
https://en.wikipedia.org/wiki/Twitter
Interesting shit
Cayman Island leads me to understand that Variable Interest EntityStructure in China
https://goo.gl/kbZFWW
https://goo.gl/KXnqUY
Twitter usage by country
https://goo.gl/jB3yTv
MusicCredit to
IronBacon by Kevin Macleod
Lift off by Jahzzar

Weibo started out copying Twitter entirely, but over the years, it has managed to differentiate itself in the Chinese market and have become one of the biggest social media sites in China. What's more impressive is that after only five years of monetization, it is already profitable whereas its American counterpart is still struggling to break even. So, what is going on? Here is my attempt to answer that question.
References
Annual Financial Report of Twitter
Annual Financial Report of Weibo
Wikipedia:
https://en.wikipedia.org/wiki/Sina_Corp
https://en.wikipedia.org/wiki/Sina_Weibo
https://en.wikipedia.org/wiki/Twitter
Interesting shit
Cayman Island leads me to understand that Variable Interest EntityStructure in China
https://goo.gl/kbZFWW
https://goo.gl/KXnqUY
Twitter usage by country
https://goo.gl/jB3yTv
MusicCredit to
IronBacon by Kevin Macleod
Lift off by Jahzzar

How to read Financial Reports

http://www.learnaccountingfast.com Being able to read and interpret financial reports is the key to running a successful business. If you cant read the score ca...

http://www.learnaccountingfast.com Being able to read and interpret financial reports is the key to running a successful business. If you cant read the score card then you don't know if you are winning or losing.The Financial reports are just keeping the score so you are able to see what is required to ensure you are making money. The aim of all business is to make money. Financial reports can show you where you are going. Financial literacy begins with reading the financial reports not only in business but also your personal life.This video will show you the relationship between the 3 reports.You can learn more simple business and accounting skills at http://www.learnaccountingfast.com

http://www.learnaccountingfast.com Being able to read and interpret financial reports is the key to running a successful business. If you cant read the score card then you don't know if you are winning or losing.The Financial reports are just keeping the score so you are able to see what is required to ensure you are making money. The aim of all business is to make money. Financial reports can show you where you are going. Financial literacy begins with reading the financial reports not only in business but also your personal life.This video will show you the relationship between the 3 reports.You can learn more simple business and accounting skills at http://www.learnaccountingfast.com

Visit our website: https://altcoinbuzz.io
In this video, we talk about what's happening in the world of crypto and blockchain technology.
-------------------...

Visit our website: https://altcoinbuzz.io
In this video, we talk about what's happening in the world of crypto and blockchain technology.
-------------------------------------------------------------------------------
Connect with us on Social Media:
Twitter: https://bit.ly/2GDAoCp
Facebook: https://bit.ly/2wYksLB
Telegram: https://bit.ly/2IAqDuI
-------------------------------------------------------------------------------
Looking for the best cryptocurrency wallets? Check these out:
Cold StorageCoins: https://bit.ly/2ISGynt
BitLox: https://bit.ly/2rWQnHa
CoolWallet S: https://bit.ly/2Liy5bv
Trezor: https://bit.ly/2IXrZic
Ledger Nano S: https://bit.ly/2IyE3al
KeepKey: https://bit.ly/2x5TlhM
Read about them here: https://bit.ly/2rTdthZ
-----------------------------------------------------------------------------------
Articles mentioned in the video:
ChineseMinistry Releases Ratings Of Cryptocurrencies
https://altcoinbuzz.io/chinese-ministry-releases-ratings-of-cryptocurrencies/
工信部赛迪研究院发布全球公有链技术评估指数
http://cyyw.cena.com.cn/2018-05/17/content_386493.htmJeff's Live stream and discussion of Chinese Ratings
https://www.youtube.com/watch?v=S83MmCZ20_U
Norway is Considering an OfficialDigital Currency
https://altcoinbuzz.io/norway-is-considering-an-official-digital-currency/
CENTRAL BANKDIGITAL CURRENCIES
https://www.norges-bank.no/en/Published/Publications/Norges-Bank-Papers/2018/norges-bank-papers-12018/
The E-krona Project’s first interim report
https://www.riksbank.se/en-gb/financial-stability/the-financial-system/payments/does-sweden-need-an-e-krona/the-e-krona-projects-first-interim-report/
Which Blockchain-Based Social Media PlatformWorksFor You?
https://altcoinbuzz.io/which-blockchain-based-social-media-works-for-you/
Adam's Mithril video: What if Instagram and Steem had a CryptoBaby?
https://www.youtube.com/watch?v=4GHAeu-QYYc
The Best Cryptocurrency Wallets to Safely Store your Funds
https://altcoinbuzz.io/the-best-cryptocurrency-wallets-to-safely-store-your-funds/
Ledger Tweet
https://twitter.com/LedgerHQ/status/998835927173746688?s=09
Maybe You’re Wrong about Bitcoin, Warren?
https://altcoinbuzz.io/so-are-you-wrong-about-bitcoin-too-warren/
------------------------------------------------------------------
DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd.All rights reserved.

Visit our website: https://altcoinbuzz.io
In this video, we talk about what's happening in the world of crypto and blockchain technology.
-------------------------------------------------------------------------------
Connect with us on Social Media:
Twitter: https://bit.ly/2GDAoCp
Facebook: https://bit.ly/2wYksLB
Telegram: https://bit.ly/2IAqDuI
-------------------------------------------------------------------------------
Looking for the best cryptocurrency wallets? Check these out:
Cold StorageCoins: https://bit.ly/2ISGynt
BitLox: https://bit.ly/2rWQnHa
CoolWallet S: https://bit.ly/2Liy5bv
Trezor: https://bit.ly/2IXrZic
Ledger Nano S: https://bit.ly/2IyE3al
KeepKey: https://bit.ly/2x5TlhM
Read about them here: https://bit.ly/2rTdthZ
-----------------------------------------------------------------------------------
Articles mentioned in the video:
ChineseMinistry Releases Ratings Of Cryptocurrencies
https://altcoinbuzz.io/chinese-ministry-releases-ratings-of-cryptocurrencies/
工信部赛迪研究院发布全球公有链技术评估指数
http://cyyw.cena.com.cn/2018-05/17/content_386493.htmJeff's Live stream and discussion of Chinese Ratings
https://www.youtube.com/watch?v=S83MmCZ20_U
Norway is Considering an OfficialDigital Currency
https://altcoinbuzz.io/norway-is-considering-an-official-digital-currency/
CENTRAL BANKDIGITAL CURRENCIES
https://www.norges-bank.no/en/Published/Publications/Norges-Bank-Papers/2018/norges-bank-papers-12018/
The E-krona Project’s first interim report
https://www.riksbank.se/en-gb/financial-stability/the-financial-system/payments/does-sweden-need-an-e-krona/the-e-krona-projects-first-interim-report/
Which Blockchain-Based Social Media PlatformWorksFor You?
https://altcoinbuzz.io/which-blockchain-based-social-media-works-for-you/
Adam's Mithril video: What if Instagram and Steem had a CryptoBaby?
https://www.youtube.com/watch?v=4GHAeu-QYYc
The Best Cryptocurrency Wallets to Safely Store your Funds
https://altcoinbuzz.io/the-best-cryptocurrency-wallets-to-safely-store-your-funds/
Ledger Tweet
https://twitter.com/LedgerHQ/status/998835927173746688?s=09
Maybe You’re Wrong about Bitcoin, Warren?
https://altcoinbuzz.io/so-are-you-wrong-about-bitcoin-too-warren/
------------------------------------------------------------------
DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd.All rights reserved.

How China Is Changing Your Internet | The New York Times

In China, a sheltered internet has given rise to a new breed of app, and American companies are taking notice. What was once known as the land of cheap rip-offs...

In China, a sheltered internet has given rise to a new breed of app, and American companies are taking notice. What was once known as the land of cheap rip-offs may now offer a glimpse at the future.
Subscribe on YouTube: http://bit.ly/U8Ys7n
With companies like Alibaba, WeChat, and Tencent US companies have taken notice to a new generation of Chinese technology companies.
Read the story here: http://nyti.ms/2aK60IE
---------------------------------------------------------------
Want more from The New York Times?
Watch more videos at: http://nytimes.com/video
Facebook: https://www.facebook.com/nytvideo
Twitter: https://twitter.com/nytvideo
Instagram: http://instagram.com/nytvideo
Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch. On YouTube.
How China Is Changing Your Internet | The New York Times
http://www.youtube.com/user/TheNewYorkTimes

In China, a sheltered internet has given rise to a new breed of app, and American companies are taking notice. What was once known as the land of cheap rip-offs may now offer a glimpse at the future.
Subscribe on YouTube: http://bit.ly/U8Ys7n
With companies like Alibaba, WeChat, and Tencent US companies have taken notice to a new generation of Chinese technology companies.
Read the story here: http://nyti.ms/2aK60IE
---------------------------------------------------------------
Want more from The New York Times?
Watch more videos at: http://nytimes.com/video
Facebook: https://www.facebook.com/nytvideo
Twitter: https://twitter.com/nytvideo
Instagram: http://instagram.com/nytvideo
Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch. On YouTube.
How China Is Changing Your Internet | The New York Times
http://www.youtube.com/user/TheNewYorkTimes

0:07 China’s accounting requirements
4:17 Primary taxes in China
9:45 Foreign exchange rules in China
12:30 Annual compliance requirements in China.
If you're a CanadianSME and have questions about doing business in China, please send us your questions by email at SMEGateway@international.gc.ca.
All services of the Trade Commissioner Service are FREE of charge to qualified Canadian clients.
China’s accounting requirements
For foreign companies doing business in China, where its local presence such as a representative office, we normally call it RO, or a wholly foreign owned enterprise, we normally call it WFOE, they need to be aware of the China local compliance requirements, because those companies are set up over here, they need to follow the local legislations, so it’s not so easy to copy what they’ve done in their home country. So as a business consultant, we normally tell our clients that there are three major differences you need to be aware of. First of all, it’s on the accounting side; second is on the tax side; and also the foreign exchange side. I can illustrate more in detail.
For the accounting side, at the general accounting principle level, China’s accounting gap is pretty close to the international financial reporting standard, so for that part, the companies don’t need to worry too much, but on the everyday accounting occurrence, the practice, there are some differences. For example, a fiscal year for the company, it has to follow the same calendar year from 1st of January to December 31st, whereas at the foreign companies you have more flexibility to choose your own different year end. And also for example the chattered accounts, in China, all companies have to follow the same set up of the chattered accounts, but they have the freedom to set up the sub accounts according to their specific business needs, but normally foreign companies don’t have this limitation, they can really decide their own chattered accounts. That’s why often we see the subsidiary cannot really follow their headquarter’s chattered accounts and they have to go through a mapping process to get their account consolidated.
As a China company, they need to arrange their accounting in the reporting language in Chinese, which means they have to prepare the vouchers, ledgers and financial reporting in Chinese for all the local statutory filing. Also the bookkeeping currency should be in RMB rather than in a foreign currency. However, the company can do the conversion at the financial report level and choosing a conversion rate.
Other differences could be accounting software. We are asked very often by our clients, can they use their headquarter’s accounting software, or ERP to process that? The answer is normally not so easy, unless you do a very serious localization, because we will see the common barrier will be, for example, is it allowing the Chinese entry into the system? Or in China we have some specific accounting features, tax features like VAT, which the western accounting software normally can’t facilitate. Also in China, the monthly closing has to be done before you generate the financial reports, and afterwards there’s no further adjustments can be made to the previous month, however, the western accounting practice normally do allow within the fiscal year changes even to the previous months. That’s why it’s normally more cost effective if they choose local accounting software to maintain their China books.
Another important difference is in the accounting documents maintenance. In China, the accounting vouchers have to be filed together with the supporting documents, which means if you have one specific transaction, the associated invoice and the bank slips have to be stuck to the set of accounting vouchers, and those vouchers at the monthly end have to be stuck together according to the voucher serial number in a time sequence, and afterwards this sequence cannot be changed. Whereas in western countries, normally the accounting supporting documents can be filed separately from the accounting vouchers, and those supporting invoices in the AP and AR are normally filed in the alphabetic order. The accounting vouchers normally are kept in your China office because you have to deal with the annual audit and other random government inspections.
So due to these reasons it’s not so easy for the headquarters or accountant overseas to manage this function for your China subsidiary. ...

0:07 China’s accounting requirements
4:17 Primary taxes in China
9:45 Foreign exchange rules in China
12:30 Annual compliance requirements in China.
If you're a CanadianSME and have questions about doing business in China, please send us your questions by email at SMEGateway@international.gc.ca.
All services of the Trade Commissioner Service are FREE of charge to qualified Canadian clients.
China’s accounting requirements
For foreign companies doing business in China, where its local presence such as a representative office, we normally call it RO, or a wholly foreign owned enterprise, we normally call it WFOE, they need to be aware of the China local compliance requirements, because those companies are set up over here, they need to follow the local legislations, so it’s not so easy to copy what they’ve done in their home country. So as a business consultant, we normally tell our clients that there are three major differences you need to be aware of. First of all, it’s on the accounting side; second is on the tax side; and also the foreign exchange side. I can illustrate more in detail.
For the accounting side, at the general accounting principle level, China’s accounting gap is pretty close to the international financial reporting standard, so for that part, the companies don’t need to worry too much, but on the everyday accounting occurrence, the practice, there are some differences. For example, a fiscal year for the company, it has to follow the same calendar year from 1st of January to December 31st, whereas at the foreign companies you have more flexibility to choose your own different year end. And also for example the chattered accounts, in China, all companies have to follow the same set up of the chattered accounts, but they have the freedom to set up the sub accounts according to their specific business needs, but normally foreign companies don’t have this limitation, they can really decide their own chattered accounts. That’s why often we see the subsidiary cannot really follow their headquarter’s chattered accounts and they have to go through a mapping process to get their account consolidated.
As a China company, they need to arrange their accounting in the reporting language in Chinese, which means they have to prepare the vouchers, ledgers and financial reporting in Chinese for all the local statutory filing. Also the bookkeeping currency should be in RMB rather than in a foreign currency. However, the company can do the conversion at the financial report level and choosing a conversion rate.
Other differences could be accounting software. We are asked very often by our clients, can they use their headquarter’s accounting software, or ERP to process that? The answer is normally not so easy, unless you do a very serious localization, because we will see the common barrier will be, for example, is it allowing the Chinese entry into the system? Or in China we have some specific accounting features, tax features like VAT, which the western accounting software normally can’t facilitate. Also in China, the monthly closing has to be done before you generate the financial reports, and afterwards there’s no further adjustments can be made to the previous month, however, the western accounting practice normally do allow within the fiscal year changes even to the previous months. That’s why it’s normally more cost effective if they choose local accounting software to maintain their China books.
Another important difference is in the accounting documents maintenance. In China, the accounting vouchers have to be filed together with the supporting documents, which means if you have one specific transaction, the associated invoice and the bank slips have to be stuck to the set of accounting vouchers, and those vouchers at the monthly end have to be stuck together according to the voucher serial number in a time sequence, and afterwards this sequence cannot be changed. Whereas in western countries, normally the accounting supporting documents can be filed separately from the accounting vouchers, and those supporting invoices in the AP and AR are normally filed in the alphabetic order. The accounting vouchers normally are kept in your China office because you have to deal with the annual audit and other random government inspections.
So due to these reasons it’s not so easy for the headquarters or accountant overseas to manage this function for your China subsidiary. ...

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BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
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According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half."

According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half."

China's $1 trillion One Belt One Road (New Silk Road) initiative is unprecedented in size and scope. President Xi Jinping has sealed megaproject deals with 65 countries to construct ports, power stations, rail lines, roads, and all the tunnels and bridges needed to connect them back to mainland China.
Get your free audiobook: http://www.audibletrial.com/TheDailyConversation
Subscribe to TDC: https://www.youtube.com/TheDailyConversation/
Video by Bryce Plank and Robin WestMusic:
"ElectroSketch" by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/?keywords=electro+sketch&Search=Search
"AbstractElectronic" & "DarkNoirVHSScore" by MotionArray.com
"City of Industry" & "Dark Night" by Matt Stewart-Evans:
https://soundcloud.com/mattstewartevans
https://www.facebook.com/Matthew.Stewart.EvansInformation sources:
https://www.forbes.com/sites/wadeshepard/2017/05/13/i-spent-two-years-on-chinas-belt-and-road-and-this-is-what-i-found-part-1/#7d48bf724b68
https://en.wikipedia.org/wiki/Belt_and_Road_Initiative
https://www.nytimes.com/2017/05/13/business/china-railway-one-belt-one-road-1-trillion-plan.html?_r=2
https://qz.com/983581/chinas-new-silk-road-one-belt-one-road-project-has-one-major-pitfall-for-african-countries/
https://www.nytimes.com/2017/05/24/business/china-downgrade-explained.html
https://www.youtube.com/watch?v=23Me5E0eUTM
https://www.brookings.edu/blog/order-from-chaos/2017/05/17/whats-driving-chinas-new-silk-road-and-how-should-the-west-respond/
...and the Internet.
Script:
Having recently completed both the world’s most extensive system of expressways and the planet’s longest high speed rail network, China is now looking beyond its borders for opportunities to keep building. President Xi Jinping announced at a recent summit that Beijing has sealed megaproject deals with 65 countries throughout Eurasia and Africa to construct ports, power stations, rail lines, roads, and all the tunnels and bridges needed to connect them back to mainland China.
At a total cost of over $1 trillion, the One Belt, One Road initiative is unprecedented in size and scope. So is the bold funding mechanism: China will use its large, state-run banks to provide most of the financing, a risky move, when you consider how few of the nations in the O.B.O.R. could afford something like this on their own. “Oh,” say the leaders of economically-challenged, underdeveloped Laos, Yemen, or Ethiopia — or the blood-soaked regime of Bashar al-Assad in war-ravaged Syria — “you want to loan us billions of dollars to build some cool stuff in our countries? Of course, why not!?”
China is hard-selling the project as a way to boost its westward connections, an update of the silk road trade route that played a significant role in developing China and the rest of the region 1,000 years ago. But many analysts see this comparison as little more than a marketing pitch.
Al Jazeera clip: “Is the real point of this, East-West service then simply to boost China’s westward connections?
[PaulineLoong] “Well I wouldn’t say simply to boost China’s westward connections, but I totally agree with Charles that it’s more a PR stunt. To call it the “Silk Road,” that’s really brilliant—evocative of romantic camel travels in the past. When, you know, you have these lovely silks and trade and so forth. And it’s good, because look at all the headlines it has been getting, but in practical terms, it’s early days yet.”
[Bryce] Aside from the lessons China learned from its own recent infrastructure boom, Beijing is also drawing inspiration from the AmericanMarshall Plan which financed the rebuilding of Western Europe after it was decimated during the second world war. That program was worth the equivalent of $130 billion in today’s dollars and ensured the US had reliable export markets for the manufactured goods and machinery its growing economy had become dependent on producing.
China’s modern version — first announced in 2013 — is the signature initiative of President Xi Jinping. Several projects have already been completed. Earlier this year London became the 15th European city connected directly to China through an ever-expanding global rail system, meaning freight trains loaded with goods can now arrive after a 12,000km journey all the way from the east coast of the landmass.
And, at a cost of $4 billion, China also just completed Africa’s first transnational electric railway, which runs 466 miles from Djibouti to Addis Ababa, the capital of Ethiopia. Chinese companies designed the system, built the line, and supplied the train cars...

China's $1 trillion One Belt One Road (New Silk Road) initiative is unprecedented in size and scope. President Xi Jinping has sealed megaproject deals with 65 countries to construct ports, power stations, rail lines, roads, and all the tunnels and bridges needed to connect them back to mainland China.
Get your free audiobook: http://www.audibletrial.com/TheDailyConversation
Subscribe to TDC: https://www.youtube.com/TheDailyConversation/
Video by Bryce Plank and Robin WestMusic:
"ElectroSketch" by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/?keywords=electro+sketch&Search=Search
"AbstractElectronic" & "DarkNoirVHSScore" by MotionArray.com
"City of Industry" & "Dark Night" by Matt Stewart-Evans:
https://soundcloud.com/mattstewartevans
https://www.facebook.com/Matthew.Stewart.EvansInformation sources:
https://www.forbes.com/sites/wadeshepard/2017/05/13/i-spent-two-years-on-chinas-belt-and-road-and-this-is-what-i-found-part-1/#7d48bf724b68
https://en.wikipedia.org/wiki/Belt_and_Road_Initiative
https://www.nytimes.com/2017/05/13/business/china-railway-one-belt-one-road-1-trillion-plan.html?_r=2
https://qz.com/983581/chinas-new-silk-road-one-belt-one-road-project-has-one-major-pitfall-for-african-countries/
https://www.nytimes.com/2017/05/24/business/china-downgrade-explained.html
https://www.youtube.com/watch?v=23Me5E0eUTM
https://www.brookings.edu/blog/order-from-chaos/2017/05/17/whats-driving-chinas-new-silk-road-and-how-should-the-west-respond/
...and the Internet.
Script:
Having recently completed both the world’s most extensive system of expressways and the planet’s longest high speed rail network, China is now looking beyond its borders for opportunities to keep building. President Xi Jinping announced at a recent summit that Beijing has sealed megaproject deals with 65 countries throughout Eurasia and Africa to construct ports, power stations, rail lines, roads, and all the tunnels and bridges needed to connect them back to mainland China.
At a total cost of over $1 trillion, the One Belt, One Road initiative is unprecedented in size and scope. So is the bold funding mechanism: China will use its large, state-run banks to provide most of the financing, a risky move, when you consider how few of the nations in the O.B.O.R. could afford something like this on their own. “Oh,” say the leaders of economically-challenged, underdeveloped Laos, Yemen, or Ethiopia — or the blood-soaked regime of Bashar al-Assad in war-ravaged Syria — “you want to loan us billions of dollars to build some cool stuff in our countries? Of course, why not!?”
China is hard-selling the project as a way to boost its westward connections, an update of the silk road trade route that played a significant role in developing China and the rest of the region 1,000 years ago. But many analysts see this comparison as little more than a marketing pitch.
Al Jazeera clip: “Is the real point of this, East-West service then simply to boost China’s westward connections?
[PaulineLoong] “Well I wouldn’t say simply to boost China’s westward connections, but I totally agree with Charles that it’s more a PR stunt. To call it the “Silk Road,” that’s really brilliant—evocative of romantic camel travels in the past. When, you know, you have these lovely silks and trade and so forth. And it’s good, because look at all the headlines it has been getting, but in practical terms, it’s early days yet.”
[Bryce] Aside from the lessons China learned from its own recent infrastructure boom, Beijing is also drawing inspiration from the AmericanMarshall Plan which financed the rebuilding of Western Europe after it was decimated during the second world war. That program was worth the equivalent of $130 billion in today’s dollars and ensured the US had reliable export markets for the manufactured goods and machinery its growing economy had become dependent on producing.
China’s modern version — first announced in 2013 — is the signature initiative of President Xi Jinping. Several projects have already been completed. Earlier this year London became the 15th European city connected directly to China through an ever-expanding global rail system, meaning freight trains loaded with goods can now arrive after a 12,000km journey all the way from the east coast of the landmass.
And, at a cost of $4 billion, China also just completed Africa’s first transnational electric railway, which runs 466 miles from Djibouti to Addis Ababa, the capital of Ethiopia. Chinese companies designed the system, built the line, and supplied the train cars...

On May 18, asset management company Hanwha Investment & Securities Co. revealed its outlooks on SM Entertainment's financial growth for 2018. SEE ALSO: NCT reveal their official light stick!According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half." NCT

On May 18, asset management company Hanwha Investment & Securities Co. revealed its outlooks on SM Entertainment's financial growth for 2018. SEE ALSO: NCT reveal their official light stick!According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half." NCT

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018:
https://www.allkpop.com/article/2018/05/financial-report-says-ncts-china-uni...

Financial report says NCT's China unit is set to debut in the latter half of 2018:
https://www.allkpop.com/article/2018/05/financial-report-says-ncts-china-unit-is-set-to-debut-in-the-latter-half-of-2018.
Thanks for watching, subscribe for more videos:
https://www.youtube.com/channel/UC9yTKPOcx9iAkhKKw77ZP-w?sub_confirmation=1
On May 18, asset management company Hanwha Investment & Securities Co. revealed its outlooks on SM Entertainment's financial growth for 2018. SEE ALSO: NCT reveal their official light stick!According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half." NCT,
#Financial, #report, #says, #China, #unit, #debut, #latter, #half, #2018

Financial report says NCT's China unit is set to debut in the latter half of 2018:
https://www.allkpop.com/article/2018/05/financial-report-says-ncts-china-unit-is-set-to-debut-in-the-latter-half-of-2018.
Thanks for watching, subscribe for more videos:
https://www.youtube.com/channel/UC9yTKPOcx9iAkhKKw77ZP-w?sub_confirmation=1
On May 18, asset management company Hanwha Investment & Securities Co. revealed its outlooks on SM Entertainment's financial growth for 2018. SEE ALSO: NCT reveal their official light stick!According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half." NCT,
#Financial, #report, #says, #China, #unit, #debut, #latter, #half, #2018

Chinese aircraft carrier Liaoning calls out for China’s first homemade aircraft carrier to join it

The Chinese aircraft carrier Liaoning has published a new heart-warming video that shows the Chinese navy’s sailors, carrier-based aircraft and the aircraft car...

The Chinese aircraft carrier Liaoning has published a new heart-warming video that shows the Chinese navy’s sailors, carrier-based aircraft and the aircraft carrier battle group. At the end of the video they call out to China's first domestically built aircraft carrier and say “Join Us and FightSide by Side.”
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The Chinese aircraft carrier Liaoning has published a new heart-warming video that shows the Chinese navy’s sailors, carrier-based aircraft and the aircraft carrier battle group. At the end of the video they call out to China's first domestically built aircraft carrier and say “Join Us and FightSide by Side.”
Subscribe to us on YouTube: https://goo.gl/lP12gA
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Chinese e-commerce giant Alibaba released its first quarterly financial results on Tuesday since successfully completing the world's biggest initial public offe...

Chinese e-commerce giant Alibaba released its first quarterly financial results on Tuesday since successfully completing the world's biggest initial public offering in September.
The company's revenue increased by 53.7 percent to 16.829 billion yuan (about 2.742 billion US dollars) in the quarter ending September 30, compared to 10.95 billion yuan in the same quarter of 2013.
Its net profits increased by 15.5 percent to 6.808 billion yuan, compared to 5.893 billion yuan in the same period of last year, the report said.
But using compatible GAAP accounting measures, its net profits slid 38.6 percent. The company said in the report that "the decrease was primarily due to the share-based compensation charges and increased amortization expenses, and an increase in effective tax rate."
"We delivered a strong quarter with significant growth across our key operating metrics," said Jonathan Lu, chief executive officer of Alibaba Group, in the report.
"Our business continues to perform well, and our results reflect both the strength of our ecosystem and the strong foundation we have for sustainable growth," Lu said.
Alibaba's China retail marketplaces had 307 million annual active buyers in the twelve months ending September 30, 2014, representing an increase of 52 percent compared to the same period last year.
Based in the eastern city of Hangzhou, Alibaba has seen booming mobile business. Its mobile revenue in the quarter witnessed a 1,000-percent rise to 3.719 billion yuan.
"We extended our unrivaled leadership in mobile with 217 million monthly active users on our mobile commerce apps in September and 95 billion US dollars in mobile GMV for the twelve months ending in September 2014," said Lu.
The company's share price rose to 101.8 US dollars on Monday, putting its market value at 250.9 billion US dollars, greater than that of Walmart.
"We continue to execute our focused growth strategy, and the fundamental strength of our business gives us the confidence to invest in new initiatives to add new users, improving engagement and customer experience, expand our products and services and drive long-term shareholder value," Maggie Wei Wu, the group's chief financial officer said in the report.
Chinese e commerce giant Alibaba publishes first financial report after IPO with Revenue 16 8 Billio,FOR more information about china world news visit site at http://youtube.com/user/cosmeticmachines as well as business website at http://penglaichina.com

Chinese e-commerce giant Alibaba released its first quarterly financial results on Tuesday since successfully completing the world's biggest initial public offering in September.
The company's revenue increased by 53.7 percent to 16.829 billion yuan (about 2.742 billion US dollars) in the quarter ending September 30, compared to 10.95 billion yuan in the same quarter of 2013.
Its net profits increased by 15.5 percent to 6.808 billion yuan, compared to 5.893 billion yuan in the same period of last year, the report said.
But using compatible GAAP accounting measures, its net profits slid 38.6 percent. The company said in the report that "the decrease was primarily due to the share-based compensation charges and increased amortization expenses, and an increase in effective tax rate."
"We delivered a strong quarter with significant growth across our key operating metrics," said Jonathan Lu, chief executive officer of Alibaba Group, in the report.
"Our business continues to perform well, and our results reflect both the strength of our ecosystem and the strong foundation we have for sustainable growth," Lu said.
Alibaba's China retail marketplaces had 307 million annual active buyers in the twelve months ending September 30, 2014, representing an increase of 52 percent compared to the same period last year.
Based in the eastern city of Hangzhou, Alibaba has seen booming mobile business. Its mobile revenue in the quarter witnessed a 1,000-percent rise to 3.719 billion yuan.
"We extended our unrivaled leadership in mobile with 217 million monthly active users on our mobile commerce apps in September and 95 billion US dollars in mobile GMV for the twelve months ending in September 2014," said Lu.
The company's share price rose to 101.8 US dollars on Monday, putting its market value at 250.9 billion US dollars, greater than that of Walmart.
"We continue to execute our focused growth strategy, and the fundamental strength of our business gives us the confidence to invest in new initiatives to add new users, improving engagement and customer experience, expand our products and services and drive long-term shareholder value," Maggie Wei Wu, the group's chief financial officer said in the report.
Chinese e commerce giant Alibaba publishes first financial report after IPO with Revenue 16 8 Billio,FOR more information about china world news visit site at http://youtube.com/user/cosmeticmachines as well as business website at http://penglaichina.com

Sub for more: http://nnn.is/the_new_media | Sputnik reports, A new financial report states that major US defense corporations are anticipating a flood of high-e...

Sub for more: http://nnn.is/the_new_media | Sputnik reports, A new financial report states that major US defense corporations are anticipating a flood of high-end weapons systems sales to Japan, Philippines, South Korea and Vietnam over alleged China threats in the South China Sea, according to US media reports.
See the report here:
https://youtu.be/s-_dKdFMWLo
Read more:
http://sputniknews.com/military/20160507/1039221102/usa-firms-use-china-fear-boost-sales.html
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Sub for more: http://nnn.is/the_new_media | Sputnik reports, A new financial report states that major US defense corporations are anticipating a flood of high-end weapons systems sales to Japan, Philippines, South Korea and Vietnam over alleged China threats in the South China Sea, according to US media reports.
See the report here:
https://youtu.be/s-_dKdFMWLo
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Year of The Dog: Inside The World's Largest Human Migration | VICE News Tonight Special (HBO)

Chinese New Year isn’t just a holiday. It's the largest annual human migration on Earth. And to Yang Jianguo and Liu Mingchun, it's the only time they get to reunite with their children 1,000 miles away.
For decades, migrant workers like Yang have been the engine of China’s spectacular economic boom. But while their work is welcome, their children are not. The high cost of living and strict city regulations make essentials like schooling and healthcare difficult to access, and families, like Yang’s, often separate. An estimated 61 million “left-behind children” only see their parents once a year during paid time-off for the Chinese New Year.
“Because we have to spend four days on the road, ” said Liu, “The only time we could get two weeks off is during the Chinese New Year, that’s whe...

published: 08 Mar 2018

Closer to China: The Belt and Road Initiative I- How Projects Work

The Belt and Road initiative has progressed from theory to practice. It provides developing countries with what they need most — infrastructure: roads, railways, ports, airports, power plants, oil and gas pipelines and refineries, and Free Trade Zones, along with IT, telecom and financial services. But how do Belt and Road projects actually work? What are the processes, challenges, criticisms, and risks?
Subscribe to us on Youtube:
https://goo.gl/lP12gA
Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv
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Tumblr: http:/...

published: 02 Jan 2017

🇲🇾 What's behind the newfound alliance in Malaysia? | Inside Story

He's describing it as a new dawn for Malaysia.
Anwar Ibrahim has walked free from prison thanks to a royal pardon and the help of the man who sacked and jailed him 20 years ago.
Mahathir Mohamad was re-elected last week as the world's oldest prime minister.
And the 92-year-old is choosing Anwar - his former deputy before they became political enemies - as his replacement in the next couple of years.
The royal pardon allows him to return to politics after serving three of a five-year prison sentence for sodomy and corruption, charges he says were a political smear.
So why are they cooperating now? And what does it all mean for Malaysia?
Presenter: Hashem Ahelbarra
Guests:
Chin-Huat Wong - Political scientist, PenangInstituteClare Rewcastle Brown - Founder, Sarawak ReportSophie Le...

published: 16 May 2018

Doing business in Hong Kong (Full Episode)

In this episode of The AirportEconomist Tim is in Hong Kong, Asia's financial hub and the gateway to China. He get insights on doing deals, setting up shop and how to get into the Chinese market.
The Airport Economist is your guide to doing business in the Asian Century. Led by renowned economist Tim Harcourt, we'll be visiting thriving markets all across Asia to find out what the emerging opportunities are for doing business there, how to get your foot in the door, learn from companies who are successfully operating there, as well as discover the local culture.
In each episode we'll arm you with all the knowledge and insights you need to take your business international.
Visithttp://www.theairporteconomist.com/
And connect on Facebook: https://www.facebook.com/theairporteconomist/
Or...

Bitcoin China's Financial Weapon? & Blockchain Ending Corruption

Ed Moy, the 38th Director of the U.S. Mint, rejoins the program to discuss cryptocurrencies, bitcoin, blockchain, and the geopolitical pressures around the world. He specifically covers China's view of bitcoin and whether it's a financial weapon for China. On a positive note, he describes the various solutions people are implementing with Blockchain to put an end to systematic corruption around the world. Lastly we dive into many other issues including Gold and Silver.
You can learn more about Ed Moy at http://edmoy.com/
If you like these type of programs, please consider supporting the show which will help production costs at https://www.patreon.com/SarahWestall

China must learn lessons from its stock market rout, the country's vice finance minister said on Saturday, signaling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future market turbulence.
China's stock market plunged by nearly a third at one stage earlier this month from a mid-June peak, wiping around $4 trillion from share values as investors were spooked by speculation that China's central bank was about to end its monetary policy easing.
The slide sparked China's biggest rescue effort of its equity market, with the government launching a series of moves that included halting flotations and banning companies and their executives from selling shares.
Zhu Guangyao told Reuters Beijing was considering new policies.
"There is a m...

published: 31 Dec 2015

Jim Rogers: China to be most important country in 21st century

Sanction threats against Russia sent shock waves of panic across the world of investment. There's still those who still believe in the prospects of the Russian economy, despite the political turmoil. So, what are these prospects? How are sanctions affecting the financial balance of power? And, finally, what does Moscow's turn to Beijing mean for the future of the global economy? We ask these questions to a renowned investor and businessman - Jim Rogers.
Follow SophieCo: https://twitter.com/SophieCo_RT
Read the full transcript: http://on.rt.com/m745vp
RT LIVE http://rt.com/on-air
Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday
Like us on Facebook http://www.facebook.com/RTnews
Follow us on Twitter http://twitter.com/RT_com
Follow us on Instagram http://...

published: 26 May 2014

Kevin Rudd ─ Understanding China under Xi Jinping

Kevin Rudd served as Australia’s 26th Prime Minister (2007-2010, 2013) and as Foreign Minister (2010- 2012). He led Australia’s response during the Global Financial Crisis, reviewed by the IMF as the most effective stimulus strategy of all major economies. Australia was the only major developed economy not to go into recession. Kevin was a co-founder of the G20, established to drive the global response to the crisis, and which through its actions in 2009 prevented the global economy spiraling into depression.
As Prime Minister and Foreign Minister, he was active in regional and global foreign policy leadership. He was a driving force in expanding the East Asia Summit to include both the US and Russia in 2010, having in 2008 launched an initiative for the long-term transformation of the EA...

Chinese New Year isn’t just a holiday. It's the largest annual human migration on Earth. And to Yang Jianguo and Liu Mingchun, it's the only time they get to reunite with their children 1,000 miles away.
For decades, migrant workers like Yang have been the engine of China’s spectacular economic boom. But while their work is welcome, their children are not. The high cost of living and strict city regulations make essentials like schooling and healthcare difficult to access, and families, like Yang’s, often separate. An estimated 61 million “left-behind children” only see their parents once a year during paid time-off for the Chinese New Year.
“Because we have to spend four days on the road, ” said Liu, “The only time we could get two weeks off is during the Chinese New Year, that’s when we can go home.”
Yang left his rural home in Sichuan at the age of 20 in 1997 and became one of 287 million Chinese migrant workers who moved across country for a better life. After dropping out of high school, he became a farmer, just like his parents. Then one day, his uncle gave him the opportunity to work at an urban clothing factory in Shenzhen.
“If I raise a pig in our home village, I’d have to wait for six months before I can sell it to make money, there’s no immediate income ” Yang said. “In Shenzhen, we get paid every month.”
Today, Yang and his wife Liu are among nearly 8 million migrants living in Shenzhen, a major financial center in China that links Hong Kong to its mainland. There, two thirds of the population lives without residency registration in the city, which prevents them from getting the same level of healthcare, education, and social security as urban residents.
When Yang and Liu’s kids were born, the young couple had full time jobs and lived in a company dormroom too small to raise them. Coupled with the other challenges of city life, Yang and Liu had to leave both children as infants back in their old village with grandparents, thousands of miles away. The two kids are now 9 and 15 years old.
VICENews followed the couple on a 30-hour train ride from Shenzhen to their home in Sichuan for their yearly family reunion.
Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News
Check out VICE News for more: http://vicenews.com
Follow VICE News here:
Facebook: https://www.facebook.com/vicenews
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Tumblr: http://vicenews.tumblr.com/
Instagram: http://instagram.com/vicenews
More videos from the VICE network: https://www.fb.com/vicevideo

Chinese New Year isn’t just a holiday. It's the largest annual human migration on Earth. And to Yang Jianguo and Liu Mingchun, it's the only time they get to reunite with their children 1,000 miles away.
For decades, migrant workers like Yang have been the engine of China’s spectacular economic boom. But while their work is welcome, their children are not. The high cost of living and strict city regulations make essentials like schooling and healthcare difficult to access, and families, like Yang’s, often separate. An estimated 61 million “left-behind children” only see their parents once a year during paid time-off for the Chinese New Year.
“Because we have to spend four days on the road, ” said Liu, “The only time we could get two weeks off is during the Chinese New Year, that’s when we can go home.”
Yang left his rural home in Sichuan at the age of 20 in 1997 and became one of 287 million Chinese migrant workers who moved across country for a better life. After dropping out of high school, he became a farmer, just like his parents. Then one day, his uncle gave him the opportunity to work at an urban clothing factory in Shenzhen.
“If I raise a pig in our home village, I’d have to wait for six months before I can sell it to make money, there’s no immediate income ” Yang said. “In Shenzhen, we get paid every month.”
Today, Yang and his wife Liu are among nearly 8 million migrants living in Shenzhen, a major financial center in China that links Hong Kong to its mainland. There, two thirds of the population lives without residency registration in the city, which prevents them from getting the same level of healthcare, education, and social security as urban residents.
When Yang and Liu’s kids were born, the young couple had full time jobs and lived in a company dormroom too small to raise them. Coupled with the other challenges of city life, Yang and Liu had to leave both children as infants back in their old village with grandparents, thousands of miles away. The two kids are now 9 and 15 years old.
VICENews followed the couple on a 30-hour train ride from Shenzhen to their home in Sichuan for their yearly family reunion.
Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News
Check out VICE News for more: http://vicenews.com
Follow VICE News here:
Facebook: https://www.facebook.com/vicenews
Twitter: https://twitter.com/vicenews
Tumblr: http://vicenews.tumblr.com/
Instagram: http://instagram.com/vicenews
More videos from the VICE network: https://www.fb.com/vicevideo

Closer to China: The Belt and Road Initiative I- How Projects Work

The Belt and Road initiative has progressed from theory to practice. It provides developing countries with what they need most — infrastructure: roads, railways...

The Belt and Road initiative has progressed from theory to practice. It provides developing countries with what they need most — infrastructure: roads, railways, ports, airports, power plants, oil and gas pipelines and refineries, and Free Trade Zones, along with IT, telecom and financial services. But how do Belt and Road projects actually work? What are the processes, challenges, criticisms, and risks?
Subscribe to us on Youtube:
https://goo.gl/lP12gA
Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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Follow us on:
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Google+: https://plus.google.com/+CCTVNEWSbeijing
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Weibo: http://weibo.com/cctvnewsbeijing

The Belt and Road initiative has progressed from theory to practice. It provides developing countries with what they need most — infrastructure: roads, railways, ports, airports, power plants, oil and gas pipelines and refineries, and Free Trade Zones, along with IT, telecom and financial services. But how do Belt and Road projects actually work? What are the processes, challenges, criticisms, and risks?
Subscribe to us on Youtube:
https://goo.gl/lP12gA
Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv
Follow us on:
Facebook: https://www.facebook.com/cctvnewschina
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Google+: https://plus.google.com/+CCTVNEWSbeijing
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Weibo: http://weibo.com/cctvnewsbeijing

🇲🇾 What's behind the newfound alliance in Malaysia? | Inside Story

He's describing it as a new dawn for Malaysia.
Anwar Ibrahim has walked free from prison thanks to a royal pardon and the help of the man who sacked and jaile...

He's describing it as a new dawn for Malaysia.
Anwar Ibrahim has walked free from prison thanks to a royal pardon and the help of the man who sacked and jailed him 20 years ago.
Mahathir Mohamad was re-elected last week as the world's oldest prime minister.
And the 92-year-old is choosing Anwar - his former deputy before they became political enemies - as his replacement in the next couple of years.
The royal pardon allows him to return to politics after serving three of a five-year prison sentence for sodomy and corruption, charges he says were a political smear.
So why are they cooperating now? And what does it all mean for Malaysia?
Presenter: Hashem Ahelbarra
Guests:
Chin-Huat Wong - Political scientist, PenangInstituteClare Rewcastle Brown - Founder, Sarawak ReportSophie Lemiere - Weatherhead Center for International Affairs at Harvard University
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/

He's describing it as a new dawn for Malaysia.
Anwar Ibrahim has walked free from prison thanks to a royal pardon and the help of the man who sacked and jailed him 20 years ago.
Mahathir Mohamad was re-elected last week as the world's oldest prime minister.
And the 92-year-old is choosing Anwar - his former deputy before they became political enemies - as his replacement in the next couple of years.
The royal pardon allows him to return to politics after serving three of a five-year prison sentence for sodomy and corruption, charges he says were a political smear.
So why are they cooperating now? And what does it all mean for Malaysia?
Presenter: Hashem Ahelbarra
Guests:
Chin-Huat Wong - Political scientist, PenangInstituteClare Rewcastle Brown - Founder, Sarawak ReportSophie Lemiere - Weatherhead Center for International Affairs at Harvard University
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/

In this episode of The AirportEconomist Tim is in Hong Kong, Asia's financial hub and the gateway to China. He get insights on doing deals, setting up shop and how to get into the Chinese market.
The Airport Economist is your guide to doing business in the Asian Century. Led by renowned economist Tim Harcourt, we'll be visiting thriving markets all across Asia to find out what the emerging opportunities are for doing business there, how to get your foot in the door, learn from companies who are successfully operating there, as well as discover the local culture.
In each episode we'll arm you with all the knowledge and insights you need to take your business international.
Visithttp://www.theairporteconomist.com/
And connect on Facebook: https://www.facebook.com/theairporteconomist/
Or twitter:
https://twitter.com/airport_ec

In this episode of The AirportEconomist Tim is in Hong Kong, Asia's financial hub and the gateway to China. He get insights on doing deals, setting up shop and how to get into the Chinese market.
The Airport Economist is your guide to doing business in the Asian Century. Led by renowned economist Tim Harcourt, we'll be visiting thriving markets all across Asia to find out what the emerging opportunities are for doing business there, how to get your foot in the door, learn from companies who are successfully operating there, as well as discover the local culture.
In each episode we'll arm you with all the knowledge and insights you need to take your business international.
Visithttp://www.theairporteconomist.com/
And connect on Facebook: https://www.facebook.com/theairporteconomist/
Or twitter:
https://twitter.com/airport_ec

Bitcoin China's Financial Weapon? & Blockchain Ending Corruption

Ed Moy, the 38th Director of the U.S. Mint, rejoins the program to discuss cryptocurrencies, bitcoin, blockchain, and the geopolitical pressures around the worl...

Ed Moy, the 38th Director of the U.S. Mint, rejoins the program to discuss cryptocurrencies, bitcoin, blockchain, and the geopolitical pressures around the world. He specifically covers China's view of bitcoin and whether it's a financial weapon for China. On a positive note, he describes the various solutions people are implementing with Blockchain to put an end to systematic corruption around the world. Lastly we dive into many other issues including Gold and Silver.
You can learn more about Ed Moy at http://edmoy.com/
If you like these type of programs, please consider supporting the show which will help production costs at https://www.patreon.com/SarahWestall

Ed Moy, the 38th Director of the U.S. Mint, rejoins the program to discuss cryptocurrencies, bitcoin, blockchain, and the geopolitical pressures around the world. He specifically covers China's view of bitcoin and whether it's a financial weapon for China. On a positive note, he describes the various solutions people are implementing with Blockchain to put an end to systematic corruption around the world. Lastly we dive into many other issues including Gold and Silver.
You can learn more about Ed Moy at http://edmoy.com/
If you like these type of programs, please consider supporting the show which will help production costs at https://www.patreon.com/SarahWestall

China must learn lessons from its stock market rout, the country's vice finance minister said on Saturday, signaling his intent to focus on supervision and the ...

China must learn lessons from its stock market rout, the country's vice finance minister said on Saturday, signaling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future market turbulence.
China's stock market plunged by nearly a third at one stage earlier this month from a mid-June peak, wiping around $4 trillion from share values as investors were spooked by speculation that China's central bank was about to end its monetary policy easing.
The slide sparked China's biggest rescue effort of its equity market, with the government launching a series of moves that included halting flotations and banning companies and their executives from selling shares.
Zhu Guangyao told Reuters Beijing was considering new policies.
"There is a mismatch for supervision, and that is a real challenge," he said in an interview at the Chinese Embassy in London. "After the big up and the big down we saw, we need to learn from other countries, mature stock markets including the U.S. and U.K."
The market has bounced in recent sessions and the CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen rose 3.9 percent on Friday to 4,151.50, up 1.1 on the week.
Zhu said China's intervention to stabilize the market was justified given the level of turbulence and that there would now be an evaluation of what had happened to help draw up policies to handle any future market turmoil.
However he did not say what other policies might be considered.
Some investors have said market reforms and a move towards a market-driven economy, rather than short-term steps such as limiting share sales, are what will nurse markets back to health.
Even before panic spread through China's equity market in mid-June, it was shaping up to be a difficult year for the world's second-largest economy, feeling the pinch from slowing growth in trade, investment and domestic demand which was compounded by a cooling property sector and deflationary pressures.
State-owned enterprises and private companies, many of which are heavily indebted, have also been feeling the pressure.
Zhu said the government would allow some companies to go bankrupt rather than propping them up in order to create a more efficient debt market.
"(In) some cases certainly the borrower should take their responsibility, we've been very clear that's a market principle but we also emphasize we must avoid any negative impact to the regional and the systemic financial risk," he said.
"We have full confidence that we have the real capacity to (keep) ... our financial system healthy and sustainable".
Longer term, Zhu said he was confident China would be able to meet its potential economic growth rate of between 7 and 8 percent over the next five years through instituting market reforms which would enable productivity to rise.
Asked if he thought China's 2 trillion yuan debt-swap program, designed to ease refinancing for highly indebted local governments and rev up economic growth, needed to be expanded, Zhu said the size should be sufficient, for now.
The program allows provinces and cities to replace high-interest loans with lower-cost municipal bonds with longer-term maturities.
Data from the national audit bureau from June 2013 showed repayments by local governments could amount to 1.82 trillion yuan by the end of the year, he said.
"In my opinion, 2 trillions will cover all. But of course this figure is from June 2013, so certainly something should be more, but I don’t know how much."
Originally, the debt swap program had a quota of 1 trillion yuan, but in June the Ministry of Finance doubled it to 2 trillion. Earlier this month, some media reported Beijing was considering boosting the quota by another trillion.
While the debt restructuring helps China tackle its $3 trillion debt burden, the swap program has added supply pressure, pushed out other bond issuers and has been criticized for uncertainty over its scale.
Focus on the Supervision on China Financial MarketChinese Economy 聚焦金融监管中國市場2015 大陸經濟現狀,for more information about china world news visit site at http://youtube.com/user/cosmeticmachines as well as business website at http://penglaichina.com

China must learn lessons from its stock market rout, the country's vice finance minister said on Saturday, signaling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future market turbulence.
China's stock market plunged by nearly a third at one stage earlier this month from a mid-June peak, wiping around $4 trillion from share values as investors were spooked by speculation that China's central bank was about to end its monetary policy easing.
The slide sparked China's biggest rescue effort of its equity market, with the government launching a series of moves that included halting flotations and banning companies and their executives from selling shares.
Zhu Guangyao told Reuters Beijing was considering new policies.
"There is a mismatch for supervision, and that is a real challenge," he said in an interview at the Chinese Embassy in London. "After the big up and the big down we saw, we need to learn from other countries, mature stock markets including the U.S. and U.K."
The market has bounced in recent sessions and the CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen rose 3.9 percent on Friday to 4,151.50, up 1.1 on the week.
Zhu said China's intervention to stabilize the market was justified given the level of turbulence and that there would now be an evaluation of what had happened to help draw up policies to handle any future market turmoil.
However he did not say what other policies might be considered.
Some investors have said market reforms and a move towards a market-driven economy, rather than short-term steps such as limiting share sales, are what will nurse markets back to health.
Even before panic spread through China's equity market in mid-June, it was shaping up to be a difficult year for the world's second-largest economy, feeling the pinch from slowing growth in trade, investment and domestic demand which was compounded by a cooling property sector and deflationary pressures.
State-owned enterprises and private companies, many of which are heavily indebted, have also been feeling the pressure.
Zhu said the government would allow some companies to go bankrupt rather than propping them up in order to create a more efficient debt market.
"(In) some cases certainly the borrower should take their responsibility, we've been very clear that's a market principle but we also emphasize we must avoid any negative impact to the regional and the systemic financial risk," he said.
"We have full confidence that we have the real capacity to (keep) ... our financial system healthy and sustainable".
Longer term, Zhu said he was confident China would be able to meet its potential economic growth rate of between 7 and 8 percent over the next five years through instituting market reforms which would enable productivity to rise.
Asked if he thought China's 2 trillion yuan debt-swap program, designed to ease refinancing for highly indebted local governments and rev up economic growth, needed to be expanded, Zhu said the size should be sufficient, for now.
The program allows provinces and cities to replace high-interest loans with lower-cost municipal bonds with longer-term maturities.
Data from the national audit bureau from June 2013 showed repayments by local governments could amount to 1.82 trillion yuan by the end of the year, he said.
"In my opinion, 2 trillions will cover all. But of course this figure is from June 2013, so certainly something should be more, but I don’t know how much."
Originally, the debt swap program had a quota of 1 trillion yuan, but in June the Ministry of Finance doubled it to 2 trillion. Earlier this month, some media reported Beijing was considering boosting the quota by another trillion.
While the debt restructuring helps China tackle its $3 trillion debt burden, the swap program has added supply pressure, pushed out other bond issuers and has been criticized for uncertainty over its scale.
Focus on the Supervision on China Financial MarketChinese Economy 聚焦金融监管中國市場2015 大陸經濟現狀,for more information about china world news visit site at http://youtube.com/user/cosmeticmachines as well as business website at http://penglaichina.com

Jim Rogers: China to be most important country in 21st century

Sanction threats against Russia sent shock waves of panic across the world of investment. There's still those who still believe in the prospects of the Russian...

Sanction threats against Russia sent shock waves of panic across the world of investment. There's still those who still believe in the prospects of the Russian economy, despite the political turmoil. So, what are these prospects? How are sanctions affecting the financial balance of power? And, finally, what does Moscow's turn to Beijing mean for the future of the global economy? We ask these questions to a renowned investor and businessman - Jim Rogers.
Follow SophieCo: https://twitter.com/SophieCo_RT
Read the full transcript: http://on.rt.com/m745vp
RT LIVE http://rt.com/on-air
Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday
Like us on Facebook http://www.facebook.com/RTnews
Follow us on Twitter http://twitter.com/RT_com
Follow us on Instagram http://instagram.com/rt
Follow us on Google+ http://plus.google.com/+RT
RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.

Sanction threats against Russia sent shock waves of panic across the world of investment. There's still those who still believe in the prospects of the Russian economy, despite the political turmoil. So, what are these prospects? How are sanctions affecting the financial balance of power? And, finally, what does Moscow's turn to Beijing mean for the future of the global economy? We ask these questions to a renowned investor and businessman - Jim Rogers.
Follow SophieCo: https://twitter.com/SophieCo_RT
Read the full transcript: http://on.rt.com/m745vp
RT LIVE http://rt.com/on-air
Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday
Like us on Facebook http://www.facebook.com/RTnews
Follow us on Twitter http://twitter.com/RT_com
Follow us on Instagram http://instagram.com/rt
Follow us on Google+ http://plus.google.com/+RT
RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.

Weibo Vs. Twitter, Ep 2 of China Vs. the world

Weibo started out copying Twitter entirely, but over the years, it has managed to differentiate itself in the Chinese market and have become one of the biggest social media sites in China. What's more impressive is that after only five years of monetization, it is already profitable whereas its American counterpart is still struggling to break even. So, what is going on? Here is my attempt to answer that question.
References
Annual Financial Report of Twitter
Annual Financial Report of Weibo
Wikipedia:
https://en.wikipedia.org/wiki/Sina_Corp
https://en.wikipedia.org/wiki/Sina_Weibo
https://en.wikipedia.org/wiki/Twitter
Interesting shit
Cayman Island leads me to understand that Variable Interest EntityStructure in China
https://goo.gl/kbZFWW
https://goo.gl/KXnqUY
Twitter usage by country
https://goo.gl/jB3yTv
MusicCredit to
IronBacon by Kevin Macleod
Lift off by Jahzzar

7:19

How to read Financial Reports

http://www.learnaccountingfast.com Being able to read and interpret financial reports is t...

How to read Financial Reports

http://www.learnaccountingfast.com Being able to read and interpret financial reports is the key to running a successful business. If you cant read the score card then you don't know if you are winning or losing.The Financial reports are just keeping the score so you are able to see what is required to ensure you are making money. The aim of all business is to make money. Financial reports can show you where you are going. Financial literacy begins with reading the financial reports not only in business but also your personal life.This video will show you the relationship between the 3 reports.You can learn more simple business and accounting skills at http://www.learnaccountingfast.com

Visit our website: https://altcoinbuzz.io
In this video, we talk about what's happening in the world of crypto and blockchain technology.
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Articles mentioned in the video:
ChineseMinistry Releases Ratings Of Cryptocurrencies
https://altcoinbuzz.io/chinese-ministry-releases-ratings-of-cryptocurrencies/
工信部赛迪研究院发布全球公有链技术评估指数
http://cyyw.cena.com.cn/2018-05/17/content_386493.htmJeff's Live stream and discussion of Chinese Ratings
https://www.youtube.com/watch?v=S83MmCZ20_U
Norway is Considering an OfficialDigital Currency
https://altcoinbuzz.io/norway-is-considering-an-official-digital-currency/
CENTRAL BANKDIGITAL CURRENCIES
https://www.norges-bank.no/en/Published/Publications/Norges-Bank-Papers/2018/norges-bank-papers-12018/
The E-krona Project’s first interim report
https://www.riksbank.se/en-gb/financial-stability/the-financial-system/payments/does-sweden-need-an-e-krona/the-e-krona-projects-first-interim-report/
Which Blockchain-Based Social Media PlatformWorksFor You?
https://altcoinbuzz.io/which-blockchain-based-social-media-works-for-you/
Adam's Mithril video: What if Instagram and Steem had a CryptoBaby?
https://www.youtube.com/watch?v=4GHAeu-QYYc
The Best Cryptocurrency Wallets to Safely Store your Funds
https://altcoinbuzz.io/the-best-cryptocurrency-wallets-to-safely-store-your-funds/
Ledger Tweet
https://twitter.com/LedgerHQ/status/998835927173746688?s=09
Maybe You’re Wrong about Bitcoin, Warren?
https://altcoinbuzz.io/so-are-you-wrong-about-bitcoin-too-warren/
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5:58

How China Is Changing Your Internet | The New York Times

In China, a sheltered internet has given rise to a new breed of app, and American companie...

How China Is Changing Your Internet | The New York Times

In China, a sheltered internet has given rise to a new breed of app, and American companies are taking notice. What was once known as the land of cheap rip-offs may now offer a glimpse at the future.
Subscribe on YouTube: http://bit.ly/U8Ys7n
With companies like Alibaba, WeChat, and Tencent US companies have taken notice to a new generation of Chinese technology companies.
Read the story here: http://nyti.ms/2aK60IE
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Whether it's reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It's all the news that's fit to watch. On YouTube.
How China Is Changing Your Internet | The New York Times
http://www.youtube.com/user/TheNewYorkTimes

2:54:33

New Era of Chinese Economy and China’s Financial Opening-up: Panels 3 and 4

The Peterson Institute for International Economics (PIIE) and the China Finance 40 Forum (...

Accounting and Annual Compliance in China

0:07 China’s accounting requirements
4:17 Primary taxes in China
9:45 Foreign exchange rules in China
12:30 Annual compliance requirements in China.
If you're a CanadianSME and have questions about doing business in China, please send us your questions by email at SMEGateway@international.gc.ca.
All services of the Trade Commissioner Service are FREE of charge to qualified Canadian clients.
China’s accounting requirements
For foreign companies doing business in China, where its local presence such as a representative office, we normally call it RO, or a wholly foreign owned enterprise, we normally call it WFOE, they need to be aware of the China local compliance requirements, because those companies are set up over here, they need to follow the local legislations, so it’s not so easy to copy what they’ve done in their home country. So as a business consultant, we normally tell our clients that there are three major differences you need to be aware of. First of all, it’s on the accounting side; second is on the tax side; and also the foreign exchange side. I can illustrate more in detail.
For the accounting side, at the general accounting principle level, China’s accounting gap is pretty close to the international financial reporting standard, so for that part, the companies don’t need to worry too much, but on the everyday accounting occurrence, the practice, there are some differences. For example, a fiscal year for the company, it has to follow the same calendar year from 1st of January to December 31st, whereas at the foreign companies you have more flexibility to choose your own different year end. And also for example the chattered accounts, in China, all companies have to follow the same set up of the chattered accounts, but they have the freedom to set up the sub accounts according to their specific business needs, but normally foreign companies don’t have this limitation, they can really decide their own chattered accounts. That’s why often we see the subsidiary cannot really follow their headquarter’s chattered accounts and they have to go through a mapping process to get their account consolidated.
As a China company, they need to arrange their accounting in the reporting language in Chinese, which means they have to prepare the vouchers, ledgers and financial reporting in Chinese for all the local statutory filing. Also the bookkeeping currency should be in RMB rather than in a foreign currency. However, the company can do the conversion at the financial report level and choosing a conversion rate.
Other differences could be accounting software. We are asked very often by our clients, can they use their headquarter’s accounting software, or ERP to process that? The answer is normally not so easy, unless you do a very serious localization, because we will see the common barrier will be, for example, is it allowing the Chinese entry into the system? Or in China we have some specific accounting features, tax features like VAT, which the western accounting software normally can’t facilitate. Also in China, the monthly closing has to be done before you generate the financial reports, and afterwards there’s no further adjustments can be made to the previous month, however, the western accounting practice normally do allow within the fiscal year changes even to the previous months. That’s why it’s normally more cost effective if they choose local accounting software to maintain their China books.
Another important difference is in the accounting documents maintenance. In China, the accounting vouchers have to be filed together with the supporting documents, which means if you have one specific transaction, the associated invoice and the bank slips have to be stuck to the set of accounting vouchers, and those vouchers at the monthly end have to be stuck together according to the voucher serial number in a time sequence, and afterwards this sequence cannot be changed. Whereas in western countries, normally the accounting supporting documents can be filed separately from the accounting vouchers, and those supporting invoices in the AP and AR are normally filed in the alphabetic order. The accounting vouchers normally are kept in your China office because you have to deal with the annual audit and other random government inspections.
So due to these reasons it’s not so easy for the headquarters or accountant overseas to manage this function for your China subsidiary. ...

0:37

New Chinese Accounting Standards and International Financial Reporting Standards Comparison

Bloomberg Global News

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
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1:49

Financial report says NCT's China unit is set to debut in the latter half of 2018

According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profi...

Financial report says NCT's China unit is set to debut in the latter half of 2018

According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half."

3:18:35

New Era of Chinese Economy and China’s Financial Opening-up: Panels 1 and 2

The Peterson Institute for International Economics (PIIE) and the China Finance 40 Forum (...

China's New "Silk Road": Future MEGAPROJECTS

China's $1 trillion One Belt One Road (New Silk Road) initiative is unprecedented in size and scope. President Xi Jinping has sealed megaproject deals with 65 countries to construct ports, power stations, rail lines, roads, and all the tunnels and bridges needed to connect them back to mainland China.
Get your free audiobook: http://www.audibletrial.com/TheDailyConversation
Subscribe to TDC: https://www.youtube.com/TheDailyConversation/
Video by Bryce Plank and Robin WestMusic:
"ElectroSketch" by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/?keywords=electro+sketch&Search=Search
"AbstractElectronic" & "DarkNoirVHSScore" by MotionArray.com
"City of Industry" & "Dark Night" by Matt Stewart-Evans:
https://soundcloud.com/mattstewartevans
https://www.facebook.com/Matthew.Stewart.EvansInformation sources:
https://www.forbes.com/sites/wadeshepard/2017/05/13/i-spent-two-years-on-chinas-belt-and-road-and-this-is-what-i-found-part-1/#7d48bf724b68
https://en.wikipedia.org/wiki/Belt_and_Road_Initiative
https://www.nytimes.com/2017/05/13/business/china-railway-one-belt-one-road-1-trillion-plan.html?_r=2
https://qz.com/983581/chinas-new-silk-road-one-belt-one-road-project-has-one-major-pitfall-for-african-countries/
https://www.nytimes.com/2017/05/24/business/china-downgrade-explained.html
https://www.youtube.com/watch?v=23Me5E0eUTM
https://www.brookings.edu/blog/order-from-chaos/2017/05/17/whats-driving-chinas-new-silk-road-and-how-should-the-west-respond/
...and the Internet.
Script:
Having recently completed both the world’s most extensive system of expressways and the planet’s longest high speed rail network, China is now looking beyond its borders for opportunities to keep building. President Xi Jinping announced at a recent summit that Beijing has sealed megaproject deals with 65 countries throughout Eurasia and Africa to construct ports, power stations, rail lines, roads, and all the tunnels and bridges needed to connect them back to mainland China.
At a total cost of over $1 trillion, the One Belt, One Road initiative is unprecedented in size and scope. So is the bold funding mechanism: China will use its large, state-run banks to provide most of the financing, a risky move, when you consider how few of the nations in the O.B.O.R. could afford something like this on their own. “Oh,” say the leaders of economically-challenged, underdeveloped Laos, Yemen, or Ethiopia — or the blood-soaked regime of Bashar al-Assad in war-ravaged Syria — “you want to loan us billions of dollars to build some cool stuff in our countries? Of course, why not!?”
China is hard-selling the project as a way to boost its westward connections, an update of the silk road trade route that played a significant role in developing China and the rest of the region 1,000 years ago. But many analysts see this comparison as little more than a marketing pitch.
Al Jazeera clip: “Is the real point of this, East-West service then simply to boost China’s westward connections?
[PaulineLoong] “Well I wouldn’t say simply to boost China’s westward connections, but I totally agree with Charles that it’s more a PR stunt. To call it the “Silk Road,” that’s really brilliant—evocative of romantic camel travels in the past. When, you know, you have these lovely silks and trade and so forth. And it’s good, because look at all the headlines it has been getting, but in practical terms, it’s early days yet.”
[Bryce] Aside from the lessons China learned from its own recent infrastructure boom, Beijing is also drawing inspiration from the AmericanMarshall Plan which financed the rebuilding of Western Europe after it was decimated during the second world war. That program was worth the equivalent of $130 billion in today’s dollars and ensured the US had reliable export markets for the manufactured goods and machinery its growing economy had become dependent on producing.
China’s modern version — first announced in 2013 — is the signature initiative of President Xi Jinping. Several projects have already been completed. Earlier this year London became the 15th European city connected directly to China through an ever-expanding global rail system, meaning freight trains loaded with goods can now arrive after a 12,000km journey all the way from the east coast of the landmass.
And, at a cost of $4 billion, China also just completed Africa’s first transnational electric railway, which runs 466 miles from Djibouti to Addis Ababa, the capital of Ethiopia. Chinese companies designed the system, built the line, and supplied the train cars...

2:05

Financial report says NCT's China unit is set to debut in the latter half of 2018

Financial report says NCT's China unit is set to debut in the latter half of 2018

On May 18, asset management company Hanwha Investment & Securities Co. revealed its outlooks on SM Entertainment's financial growth for 2018. SEE ALSO: NCT reveal their official light stick!According to Hanhwa, SM Entertainment alone (excluding SM C&C) recorded an operating profit of 10.4 billion KRW (~9.6 million USD) for the 1st quarter of 2018 - an increase of 766% from the previous year. Hanhwa attributed SME's operating success to factors such as the huge audience SM artists were able to obtain during their various Japanese concerts, the growth in the number of artists under the label, increased profits from overseas platforms, and more. Along with the reports above, a financial researcher from Hanhwa shared, "Rookie boy group NCT managed to surpass 300,000 copies of their full-length album in sales, and in the latter half of 2018, a China unit of NCT made up entirely of Chinese members is set to debut. The label's head artists including EXO, SHINee, and TVXQ also have domestic promotions planned, so [we] can expect SME's profits to increase further in the latter half." NCT

Financial statement

A financial statement (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.

Relevant financial information is presented in a structured manner and in a form easy to understand. They typically include basic financial statements, accompanied by a management discussion and analysis:

An income statement, also known as a statement of comprehensive income, statement of revenue & expense, P&L or profit and loss report, reports on a company's income, expenses, and profits over a period of time. A profit and loss statement provides information on the operation of the enterprise. These include sales and the various expenses incurred during the stated period.

OTTAWA — Canada’sLiberal government said Wednesday that it would block a nearly billion-dollar Chinese-led deal for a construction company on national-security grounds ... the Chinese company made last fall....

PopeFrancis urged ChineseCatholics on Wednesday to show they are in full communion with the Holy See, amid what appears to be another stall in the Vatican’s long-standing attempts to reach a deal with Beijing over bishop nominations. Francis made the comments during his general audience, noting that many Chinese Catholics will be marking a feast day dedicated to the Virgin Mary this week in Sheshan near Shanghai....

Year of The Dog: Inside The World's Largest Human Migration | VICE News Tonight Special (HBO)

Chinese New Year isn’t just a holiday. It's the largest annual human migration on Earth. And to Yang Jianguo and Liu Mingchun, it's the only time they get to reunite with their children 1,000 miles away.
For decades, migrant workers like Yang have been the engine of China’s spectacular economic boom. But while their work is welcome, their children are not. The high cost of living and strict city regulations make essentials like schooling and healthcare difficult to access, and families, like Yang’s, often separate. An estimated 61 million “left-behind children” only see their parents once a year during paid time-off for the Chinese New Year.
“Because we have to spend four days on the road, ” said Liu, “The only time we could get two weeks off is during the Chinese New Year, that’s when we can go home.”
Yang left his rural home in Sichuan at the age of 20 in 1997 and became one of 287 million Chinese migrant workers who moved across country for a better life. After dropping out of high school, he became a farmer, just like his parents. Then one day, his uncle gave him the opportunity to work at an urban clothing factory in Shenzhen.
“If I raise a pig in our home village, I’d have to wait for six months before I can sell it to make money, there’s no immediate income ” Yang said. “In Shenzhen, we get paid every month.”
Today, Yang and his wife Liu are among nearly 8 million migrants living in Shenzhen, a major financial center in China that links Hong Kong to its mainland. There, two thirds of the population lives without residency registration in the city, which prevents them from getting the same level of healthcare, education, and social security as urban residents.
When Yang and Liu’s kids were born, the young couple had full time jobs and lived in a company dormroom too small to raise them. Coupled with the other challenges of city life, Yang and Liu had to leave both children as infants back in their old village with grandparents, thousands of miles away. The two kids are now 9 and 15 years old.
VICENews followed the couple on a 30-hour train ride from Shenzhen to their home in Sichuan for their yearly family reunion.
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28:54

Closer to China: The Belt and Road Initiative I- How Projects Work

The Belt and Road initiative has progressed from theory to practice. It provides developin...

Closer to China: The Belt and Road Initiative I- How Projects Work

The Belt and Road initiative has progressed from theory to practice. It provides developing countries with what they need most — infrastructure: roads, railways, ports, airports, power plants, oil and gas pipelines and refineries, and Free Trade Zones, along with IT, telecom and financial services. But how do Belt and Road projects actually work? What are the processes, challenges, criticisms, and risks?
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24:21

🇲🇾 What's behind the newfound alliance in Malaysia? | Inside Story

He's describing it as a new dawn for Malaysia.
Anwar Ibrahim has walked free from prison...

🇲🇾 What's behind the newfound alliance in Malaysia? | Inside Story

He's describing it as a new dawn for Malaysia.
Anwar Ibrahim has walked free from prison thanks to a royal pardon and the help of the man who sacked and jailed him 20 years ago.
Mahathir Mohamad was re-elected last week as the world's oldest prime minister.
And the 92-year-old is choosing Anwar - his former deputy before they became political enemies - as his replacement in the next couple of years.
The royal pardon allows him to return to politics after serving three of a five-year prison sentence for sodomy and corruption, charges he says were a political smear.
So why are they cooperating now? And what does it all mean for Malaysia?
Presenter: Hashem Ahelbarra
Guests:
Chin-Huat Wong - Political scientist, PenangInstituteClare Rewcastle Brown - Founder, Sarawak ReportSophie Lemiere - Weatherhead Center for International Affairs at Harvard University
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/

24:25

Doing business in Hong Kong (Full Episode)

In this episode of The Airport Economist Tim is in Hong Kong, Asia's financial hub and the...

Doing business in Hong Kong (Full Episode)

In this episode of The AirportEconomist Tim is in Hong Kong, Asia's financial hub and the gateway to China. He get insights on doing deals, setting up shop and how to get into the Chinese market.
The Airport Economist is your guide to doing business in the Asian Century. Led by renowned economist Tim Harcourt, we'll be visiting thriving markets all across Asia to find out what the emerging opportunities are for doing business there, how to get your foot in the door, learn from companies who are successfully operating there, as well as discover the local culture.
In each episode we'll arm you with all the knowledge and insights you need to take your business international.
Visithttp://www.theairporteconomist.com/
And connect on Facebook: https://www.facebook.com/theairporteconomist/
Or twitter:
https://twitter.com/airport_ec

OTTAWA — Canada’sLiberal government said Wednesday that it would block a nearly billion-dollar Chinese-led deal for a construction company on national-security grounds ... the Chinese company made last fall....

PopeFrancis urged ChineseCatholics on Wednesday to show they are in full communion with the Holy See, amid what appears to be another stall in the Vatican’s long-standing attempts to reach a deal with Beijing over bishop nominations. Francis made the comments during his general audience, noting that many Chinese Catholics will be marking a feast day dedicated to the Virgin Mary this week in Sheshan near Shanghai....

Chinesehome appliance manufacturers have drawn global attention over the past few years as they have made frequent moves to acquire foreign brands. In 2004, Chinese multinational electronics company TCL acquired French brand Thomson's TV business, becoming the first Chinese household appliance manufacturer to complete an overseas acquisition ... Overseas acquisition by Chinese appliance enterprises peaked in 2016....

Rarely can two sides that have reached agreement be so far apart. US PresidentDonald Trump started the trade fight emboldened by his victory in reducing US taxes – and to many he had a point...There is no doubt that the United States has a rampant hunger for Chinese products. And it is equally true that the Chinese people have a huge desire... ....

SHANGHAI/SINGAPORE (Reuters) - Australian airline Qantas Airways said on Thursday that it has been given more time to clarify how it refers to Chinese territories on its website, as a deadline set by Chinese authorities approaches ... ....

Guo Qirui, 30, says it’s a lonely journey when he goes home to his rented luxury condominium in Phnom Penh, the capital of Cambodia, the country where the Chinese retail executive has lived for nearly half a decade ... Most the homes, sales agents and residents say, are sold to absent Chinese landlords. “Probably half of the completed... ....

While India’s rapidly growing fintech sector appears greener to the Chinese companies because of a regulatory clampdown back home, domestic firms stand to benefit from their Chinese counterparts’ ability to innovate and robust business models ... ....

MagdaloRep.Gary Alejano questioned on Thursday the "notable preference" of the government for Chinese firms to lead the reconstruction and rehabilitation efforts in the war-torn Islamic City of Marawi... READ. House panel grills Bangon Marawi task force over P17.2-B rehab projects The TFBM selected the Bagong Marawi Consortium (BMC), composed of five Chinese and three Filipino companies, to lead the rehabilitation progra... ....

A Chinese man who spent more than 25 years behind bars for a murder he did not commit filed for almost 17 million yuan (US$2.7 million) in compensation on Wednesday. Liu Zhonglin was arrested in October 1990 on suspicion of homicide, news portal Thepaper.cn reported, and his time in jail was described as the longest known period of wrongful detention in Chinese history ... ....